https://www.taxtmi.com/caselaws?id=348775 Enhanced compensation and related interest received under the Land Acquisition Act are taxable in the year of receipt under Section 45(5) of the Income-tax Act, 1961, including amounts withdrawn under an interim order while land acquisition appeals remain pending. The receipt-based scheme applies even where payment is secured or remains subject to appellate determination. Section 155(16) permits subsequent adjustment if the enhanced compensation is later reduced. Tax liability therefore arises upon receipt, subject to statutory recalculation following any later reduction. 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 related interest received under the Land Acquisition Act are taxable in the year of receipt under Section 45(5) of the Income-tax Act, 1961, including amounts withdrawn under an interim order while land acquisition appeals remain pending. The receipt-based scheme applies even where payment is secured or remains subject to appellate determination. Section 155(16) permits subsequent adjustment if the enhanced compensation is later reduced. Tax liability therefore arises upon receipt, subject to statutory recalculation following any later reduction. Case-Laws Income Tax Tue, 12 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348775