https://www.taxtmi.com/caselaws?id=241063 Interest on enhanced compensation and the related interest income was taxable only on actual receipt, and the compensatory levy under sections 234A, 234B and 234C could not be imposed retrospectively for assessment years before receipt. Because the assessee had no real income in the earlier years, the interest charge could arise only in the year when the additional compensation was actually received pursuant to the later judicial determination. The matter was therefore decided in favour of the assessee, with any interest liability to be worked out only in the year of receipt. en-us Fri, 13 Dec 2013 00:00:00 +0530 Mon, 16 Dec 2013 16:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241063 Interest on enhanced compensation and the related interest income was taxable only on actual receipt, and the compensatory levy under sections 234A, 234B and 234C could not be imposed retrospectively for assessment years before receipt. Because the assessee had no real income in the earlier years, the interest charge could arise only in the year when the additional compensation was actually received pursuant to the later judicial determination. The matter was therefore decided in favour of the assessee, with any interest liability to be worked out only in the year of receipt. Case-Laws Income Tax Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241063