https://www.taxtmi.com/caselaws?id=203933 Enhanced compensation received against security is taxable in the year of receipt under Section 45(5)(b) of the Income-tax Act, 1961, even if related litigation remains pending. Interest awarded on such enhanced compensation follows the same character and is also taxable on receipt. The taxability issue was decided against the assessee and in favour of the Revenue. The claim for deduction under Sections 54B and 54F was remitted for fresh adjudication, leaving that aspect unresolved. en-us Tue, 07 Dec 2010 00:00:00 +0530 Sat, 25 Jun 2011 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203933 Enhanced compensation received against security is taxable in the year of receipt under Section 45(5)(b) of the Income-tax Act, 1961, even if related litigation remains pending. Interest awarded on such enhanced compensation follows the same character and is also taxable on receipt. The taxability issue was decided against the assessee and in favour of the Revenue. The claim for deduction under Sections 54B and 54F was remitted for fresh adjudication, leaving that aspect unresolved. Case-Laws Income Tax Tue, 07 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203933