https://www.taxtmi.com/caselaws?id=8946 Interest statutorily payable on compensation for compulsory acquisition accrues when the right to receive it arises, namely on dispossession, even though the exact amount may be quantified and paid later. The receipt of a lump sum in a later assessment year does not shift accrual to the year of payment. Accordingly, the entire interest amount could not be brought to tax on a receipt basis merely because it was disbursed in the relevant assessment year; taxation had to follow the year-wise accrual of the vested right to receive the interest. en-us Wed, 30 Aug 1972 00:00:00 +0530 Wed, 17 Jun 2009 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8946 Interest statutorily payable on compensation for compulsory acquisition accrues when the right to receive it arises, namely on dispossession, even though the exact amount may be quantified and paid later. The receipt of a lump sum in a later assessment year does not shift accrual to the year of payment. Accordingly, the entire interest amount could not be brought to tax on a receipt basis merely because it was disbursed in the relevant assessment year; taxation had to follow the year-wise accrual of the vested right to receive the interest. Case-Laws Income Tax Wed, 30 Aug 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8946