https://www.taxtmi.com/caselaws?id=348775 Enhanced compensation and interest received under interim orders in pending land acquisition appeals are taxable on receipt under Section 45(5) of the Income-tax Act, 1961, even where the amount is withdrawn during appeal on security or similar terms. The statutory scheme, read with Section 155(16), treats the year of receipt as the year of taxability and permits later adjustment if the compensation is reduced. The article notes that this principle applies to enhanced compensation and related interest received during the relevant year, making the recipient liable to tax at that stage. en-us Tue, 12 Sep 2017 00:00:00 +0530 Tue, 15 Apr 2025 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348775 Enhanced compensation and interest received under interim orders in pending land acquisition appeals are taxable on receipt under Section 45(5) of the Income-tax Act, 1961, even where the amount is withdrawn during appeal on security or similar terms. The statutory scheme, read with Section 155(16), treats the year of receipt as the year of taxability and permits later adjustment if the compensation is reduced. The article notes that this principle applies to enhanced compensation and related interest received during the relevant year, making the recipient liable to tax at that stage. Case-Laws Income Tax Tue, 12 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348775