https://www.taxtmi.com/caselaws?id=14256 The High Court of Andhra Pradesh addressed the taxation of interest on enhanced compensation under the Income Tax Act, 1961. The Court held that the assessee is liable to pay tax on the interest accrued from the enhanced compensation, even if the Supreme Court reverses the judgment in the future. Relying on legal principles and a Supreme Court ruling, the Court ruled in favor of the Revenue, affirming the tax liability on the accrued interest for the assessment year 1976-77. en-us Tue, 13 Feb 2001 00:00:00 +0530 Tue, 14 Jul 2009 17:03:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14256 The High Court of Andhra Pradesh addressed the taxation of interest on enhanced compensation under the Income Tax Act, 1961. The Court held that the assessee is liable to pay tax on the interest accrued from the enhanced compensation, even if the Supreme Court reverses the judgment in the future. Relying on legal principles and a Supreme Court ruling, the Court ruled in favor of the Revenue, affirming the tax liability on the accrued interest for the assessment year 1976-77. Case-Laws Income Tax Tue, 13 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14256