https://www.taxtmi.com/caselaws?id=118525 The Tribunal upheld the CIT(A)'s decision to await the final decision before taxing disputed interest on enhanced compensation received for compulsory land acquisition. Despite the Department's argument that the interest should be taxed upon receipt, the Tribunal emphasized the need to wait for a final decision, citing a Karnataka High Court ruling and rejecting the Department's challenge based on the timing of a Supreme Court judgment. The Tribunal dismissed all Department appeals, underscoring the significance of withholding taxation on contested amounts pending a conclusive resolution. en-us Wed, 04 Jan 2006 00:00:00 +0530 Mon, 02 Jul 2012 18:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118525 The Tribunal upheld the CIT(A)'s decision to await the final decision before taxing disputed interest on enhanced compensation received for compulsory land acquisition. Despite the Department's argument that the interest should be taxed upon receipt, the Tribunal emphasized the need to wait for a final decision, citing a Karnataka High Court ruling and rejecting the Department's challenge based on the timing of a Supreme Court judgment. The Tribunal dismissed all Department appeals, underscoring the significance of withholding taxation on contested amounts pending a conclusive resolution. Case-Laws Income Tax Wed, 04 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118525