https://www.taxtmi.com/caselaws?id=338810 The High Court held that interest on enhanced compensation under the Land Acquisition Act is taxable in the year of receipt, regardless of pending legal proceedings. The Court ruled in favor of the appellant-revenue, setting aside the Tribunal's order and determining that the interest component is taxable under Section 56 of the Income Tax Act, 1961. en-us Thu, 04 Aug 2016 00:00:00 +0530 Sat, 11 Feb 2017 10:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338810 The High Court held that interest on enhanced compensation under the Land Acquisition Act is taxable in the year of receipt, regardless of pending legal proceedings. The Court ruled in favor of the appellant-revenue, setting aside the Tribunal's order and determining that the interest component is taxable under Section 56 of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338810