https://www.taxtmi.com/caselaws?id=118808 The appeals of the assessees were partly allowed. The enhanced compensation and interest were held taxable in the year of receipt, and the claim of carry forward of capital losses was rejected. The nature of the land was determined to be a capital asset, not agricultural land. The levy of interest under sections 234A, 234B, and 234C was remanded for fresh consideration. en-us Wed, 21 Sep 2005 00:00:00 +0530 Thu, 05 Jul 2012 18:11:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118808 The appeals of the assessees were partly allowed. The enhanced compensation and interest were held taxable in the year of receipt, and the claim of carry forward of capital losses was rejected. The nature of the land was determined to be a capital asset, not agricultural land. The levy of interest under sections 234A, 234B, and 234C was remanded for fresh consideration. Case-Laws Income Tax Wed, 21 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118808