https://www.taxtmi.com/caselaws?id=65255 The Special Bench concluded that enhanced compensation and interest under the Land Acquisition Act should be taxed on a receipt basis per Section 45(5) of the Income-tax Act, irrespective of pending litigation or conditions like furnishing security. Interest is taxable on an accrual basis unless disputed. The AO must revise assessments, ensuring the assessees are heard. en-us Fri, 29 Sep 2006 00:00:00 +0530 Tue, 05 Mar 2024 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65255 The Special Bench concluded that enhanced compensation and interest under the Land Acquisition Act should be taxed on a receipt basis per Section 45(5) of the Income-tax Act, irrespective of pending litigation or conditions like furnishing security. Interest is taxable on an accrual basis unless disputed. The AO must revise assessments, ensuring the assessees are heard. Case-Laws Income Tax Fri, 29 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65255