https://www.taxtmi.com/caselaws?id=9578 The High Court dismissed the Revenue's appeals, affirming the Tribunal's decision that interest on additional compensation in land acquisition proceedings is taxable only upon final determination by higher courts. The court upheld the Tribunal's ruling that compensation, including interest, should be taxed when received, emphasizing the need for finality in tax liability determination. The judgment found no legal merit in the appeals, leading to their dismissal without costs. en-us Sat, 21 Jan 2006 00:00:00 +0530 Sat, 27 Jun 2009 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9578 The High Court dismissed the Revenue's appeals, affirming the Tribunal's decision that interest on additional compensation in land acquisition proceedings is taxable only upon final determination by higher courts. The court upheld the Tribunal's ruling that compensation, including interest, should be taxed when received, emphasizing the need for finality in tax liability determination. The judgment found no legal merit in the appeals, leading to their dismissal without costs. Case-Laws Income Tax Sat, 21 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9578