https://www.taxtmi.com/caselaws?id=203931 The Court ruled in ITA Nos. 528 and 529 of 2005 that enhanced compensation received should be taxed in the year of receipt, following precedent that taxability is not affected by pending disputes. The judgment clarified the interpretation of Section 45(5)(a) and Section 45(5)(b) of the Act, affirming the taxability of enhanced compensation even when received under a Security Bond with disputed rights. The decision emphasized that disputes do not exempt enhanced compensation from taxation, leading to the dismissal of the appeals and upholding the taxation of the enhanced compensation in the year of receipt. en-us Mon, 06 Dec 2010 00:00:00 +0530 Sat, 25 Jun 2011 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203931 The Court ruled in ITA Nos. 528 and 529 of 2005 that enhanced compensation received should be taxed in the year of receipt, following precedent that taxability is not affected by pending disputes. The judgment clarified the interpretation of Section 45(5)(a) and Section 45(5)(b) of the Act, affirming the taxability of enhanced compensation even when received under a Security Bond with disputed rights. The decision emphasized that disputes do not exempt enhanced compensation from taxation, leading to the dismissal of the appeals and upholding the taxation of the enhanced compensation in the year of receipt. Case-Laws Income Tax Mon, 06 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203931