https://www.taxtmi.com/caselaws?id=217447 Enhanced compensation received under Section 28 of the Land Acquisition Act, 1894 is treated as part of compensation and not as mere interest. The receipt is taxable in the year of actual receipt under Section 45(5) of the Income-tax Act, 1961, subject to adjustment under Section 155(16), and not on a year-to-year basis. The court therefore noted that the framed question no longer survived in view of the Supreme Court's pronouncement. en-us Fri, 03 Oct 2008 00:00:00 +0530 Mon, 15 Oct 2012 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217447 Enhanced compensation received under Section 28 of the Land Acquisition Act, 1894 is treated as part of compensation and not as mere interest. The receipt is taxable in the year of actual receipt under Section 45(5) of the Income-tax Act, 1961, subject to adjustment under Section 155(16), and not on a year-to-year basis. The court therefore noted that the framed question no longer survived in view of the Supreme Court's pronouncement. Case-Laws Income Tax Fri, 03 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217447