https://www.taxtmi.com/caselaws?id=214340 The Supreme Court ruled in favor of the assessee regarding the admissibility of an additional ground on charging interest under section 234B. However, the Court held that the compensation received by the assessee was a revenue receipt and taxable. The Court also affirmed that the income accrued in the appropriate assessment year and upheld the taxability decision. The issue of entitlement to deductions under sections 80HH and 80-I was not addressed. en-us Mon, 06 Jul 2009 00:00:00 +0530 Thu, 28 Jun 2012 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214340 The Supreme Court ruled in favor of the assessee regarding the admissibility of an additional ground on charging interest under section 234B. However, the Court held that the compensation received by the assessee was a revenue receipt and taxable. The Court also affirmed that the income accrued in the appropriate assessment year and upheld the taxability decision. The issue of entitlement to deductions under sections 80HH and 80-I was not addressed. Case-Laws Income Tax Mon, 06 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214340