https://www.taxtmi.com/caselaws?id=119765 The Tribunal held that enhanced compensation is taxable in the year of receipt, with interest becoming taxable upon finality of the compensation issue. Deductions under sections 54B and 54F were allowed based on actual receipt of enhanced compensation. The Tribunal dismissed the distinction between conditionally and unconditionally received amounts as immaterial. The revenue's appeal on enhanced compensation was allowed, while the appeal on interest was dismissed. The assessee's cross-objection was also dismissed as the grounds had become infructuous. en-us Thu, 30 Nov 2006 00:00:00 +0530 Fri, 13 Jul 2012 10:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119765 The Tribunal held that enhanced compensation is taxable in the year of receipt, with interest becoming taxable upon finality of the compensation issue. Deductions under sections 54B and 54F were allowed based on actual receipt of enhanced compensation. The Tribunal dismissed the distinction between conditionally and unconditionally received amounts as immaterial. The revenue's appeal on enhanced compensation was allowed, while the appeal on interest was dismissed. The assessee's cross-objection was also dismissed as the grounds had become infructuous. Case-Laws Income Tax Thu, 30 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119765