https://www.taxtmi.com/caselaws?id=205702 Interest on enhanced compensation is taxable on receipt where the assessee follows the cash system of accountancy or maintains no books under any specified method. The Court treated such interest as part of the compensation itself and applied the principle that taxation arises in the year the amount is actually received. The issue was answered in favour of the Revenue. en-us Mon, 31 Jan 2011 00:00:00 +0530 Sun, 18 Sep 2011 19:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205702 Interest on enhanced compensation is taxable on receipt where the assessee follows the cash system of accountancy or maintains no books under any specified method. The Court treated such interest as part of the compensation itself and applied the principle that taxation arises in the year the amount is actually received. The issue was answered in favour of the Revenue. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205702