https://www.taxtmi.com/caselaws?id=205290 Enhanced compensation is taxable as deemed income in the year of receipt under section 45(5) of the Income-tax Act, and interest forming part of that enhanced compensation under section 28 of the Land Acquisition Act is also taxable on receipt basis. The receipt-based scheme is reinforced by the later insertion of section 45(5)(c) and section 155(16). Once taxability is fixed in the year of receipt, the same amount cannot validly remain in protective assessments for earlier years, and those earlier additions must fall away. en-us Fri, 03 Dec 2010 00:00:00 +0530 Thu, 21 Jul 2011 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205290 Enhanced compensation is taxable as deemed income in the year of receipt under section 45(5) of the Income-tax Act, and interest forming part of that enhanced compensation under section 28 of the Land Acquisition Act is also taxable on receipt basis. The receipt-based scheme is reinforced by the later insertion of section 45(5)(c) and section 155(16). Once taxability is fixed in the year of receipt, the same amount cannot validly remain in protective assessments for earlier years, and those earlier additions must fall away. Case-Laws Income Tax Fri, 03 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205290