https://www.taxtmi.com/caselaws?id=13842 The PATNA High Court upheld the decision of the Appellate Tribunal, ruling that the interest received by the assessee should be treated as income from other sources, not capital gain. The court determined that the interest payment was not compensation for the extinguishment of rights over the property but rather payment for a specified period as directed by the High Court's order. The appeal was dismissed for lack of merit, affirming the Assessing Officer's treatment of the interest as income from other sources. en-us Thu, 28 Sep 2000 00:00:00 +0530 Fri, 03 Jul 2009 12:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13842 The PATNA High Court upheld the decision of the Appellate Tribunal, ruling that the interest received by the assessee should be treated as income from other sources, not capital gain. The court determined that the interest payment was not compensation for the extinguishment of rights over the property but rather payment for a specified period as directed by the High Court's order. The appeal was dismissed for lack of merit, affirming the Assessing Officer's treatment of the interest as income from other sources. Case-Laws Income Tax Thu, 28 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13842