https://www.taxtmi.com/caselaws?id=12029 Interest on enhanced compensation in land acquisition matters is not assessed as a single receipt in the year of payment; it accrues from the date of possession and must be spread over the relevant period on a time basis. Only the portion attributable to the previous year concerned can be brought to tax for that assessment year. The principle therefore treats the interest component as accruing year by year rather than wholly on the date of the court order. en-us Tue, 10 Dec 2002 00:00:00 +0530 Mon, 15 Feb 2010 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12029 Interest on enhanced compensation in land acquisition matters is not assessed as a single receipt in the year of payment; it accrues from the date of possession and must be spread over the relevant period on a time basis. Only the portion attributable to the previous year concerned can be brought to tax for that assessment year. The principle therefore treats the interest component as accruing year by year rather than wholly on the date of the court order. Case-Laws Income Tax Tue, 10 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12029