https://www.taxtmi.com/caselaws?id=8614 Interest received on compensation for compulsory acquisition of land, relating to the period before the award and before vesting in the Government, was treated as part of compensation for deprivation of property and therefore as a capital receipt not taxable. The court distinguished possession taken by agreement from possession under the statutory vesting provisions of the Land Acquisition Act, 1894, and held that the anterior-period interest retained the character of compensation. Interest relatable to the period after the award was not accepted on the same footing. en-us Thu, 09 Dec 1971 00:00:00 +0530 Fri, 08 May 2009 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8614 Interest received on compensation for compulsory acquisition of land, relating to the period before the award and before vesting in the Government, was treated as part of compensation for deprivation of property and therefore as a capital receipt not taxable. The court distinguished possession taken by agreement from possession under the statutory vesting provisions of the Land Acquisition Act, 1894, and held that the anterior-period interest retained the character of compensation. Interest relatable to the period after the award was not accepted on the same footing. Case-Laws Income Tax Thu, 09 Dec 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8614