https://www.taxtmi.com/caselaws?id=175934 Enhanced compensation received while the Government's appeal against the enhancement was pending was held not taxable under section 45(5) in that year, because the amount was still subject to restitution and the right to receive it was not final. Compensation linked only to tenancy rights was also held not assessable as capital gains for the relevant year, as tenancy rights became a capital asset only from assessment year 1995-96 under the amended section 55(2)(a). Interest from advances made in a regular, systematic lending activity was treated as business income, with the absence of a money-lending licence not altering the character of the receipts. en-us Wed, 13 Sep 2000 00:00:00 +0530 Wed, 09 Dec 2015 10:06:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175934 Enhanced compensation received while the Government's appeal against the enhancement was pending was held not taxable under section 45(5) in that year, because the amount was still subject to restitution and the right to receive it was not final. Compensation linked only to tenancy rights was also held not assessable as capital gains for the relevant year, as tenancy rights became a capital asset only from assessment year 1995-96 under the amended section 55(2)(a). Interest from advances made in a regular, systematic lending activity was treated as business income, with the absence of a money-lending licence not altering the character of the receipts. Case-Laws Income Tax Wed, 13 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175934