https://www.taxtmi.com/caselaws?id=205309 Punjab & Haryana HC noted that enhanced compensation under the Land Acquisition Act, 1894 is taxable on receipt under Section 45(5)(b) of the Income-tax Act, 1961, even if the amount remains disputed or conditionally withdrawable. It further held that interest on enhanced compensation under Section 28 of the Land Acquisition Act is taxable as income from other sources, with taxability arising on actual receipt where no specific accounting system is maintained. The decision therefore affirmed receipt-based taxation for both the compensation enhancement and the related interest component. en-us Wed, 27 Oct 2010 00:00:00 +0530 Tue, 28 Jun 2011 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205309 Punjab & Haryana HC noted that enhanced compensation under the Land Acquisition Act, 1894 is taxable on receipt under Section 45(5)(b) of the Income-tax Act, 1961, even if the amount remains disputed or conditionally withdrawable. It further held that interest on enhanced compensation under Section 28 of the Land Acquisition Act is taxable as income from other sources, with taxability arising on actual receipt where no specific accounting system is maintained. The decision therefore affirmed receipt-based taxation for both the compensation enhancement and the related interest component. Case-Laws Income Tax Wed, 27 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205309