https://www.taxtmi.com/caselaws?id=67144 Capital gains were held not to arise in assessment year 1982-83 where agricultural land had been compulsorily acquired earlier and possession had already passed, because the transfer event had occurred before final quantification of compensation. Interest on enhanced compensation was treated as accruing from the date of dispossession from year to year, so it could not be taxed entirely in the year of receipt or final determination. The protective assessment in the hands of an Association of Persons also failed because the claimants were only joint claimants with determined partition shares, not an AOP for this purpose. en-us Wed, 31 Aug 1994 00:00:00 +0530 Wed, 09 Mar 2011 12:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67144 Capital gains were held not to arise in assessment year 1982-83 where agricultural land had been compulsorily acquired earlier and possession had already passed, because the transfer event had occurred before final quantification of compensation. Interest on enhanced compensation was treated as accruing from the date of dispossession from year to year, so it could not be taxed entirely in the year of receipt or final determination. The protective assessment in the hands of an Association of Persons also failed because the claimants were only joint claimants with determined partition shares, not an AOP for this purpose. Case-Laws Income Tax Wed, 31 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67144