https://www.taxtmi.com/caselaws?id=14711 Interest paid for delayed payment of compensation or unpaid price for government-taken assets was treated as a separate accretion arising from the delay, not as part of the capital receipt representing the asset price. The court distinguished the compensation or sale consideration itself from interest charged for the period the unpaid amount remained with the transferee, holding that such interest retains the character of revenue receipt. On that basis, the interest was held taxable as income from other sources, consistent with the principle that statutory interest on delayed compensation is assessable as revenue income. en-us Thu, 02 Apr 1998 00:00:00 +0530 Sat, 18 Jul 2009 11:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14711 Interest paid for delayed payment of compensation or unpaid price for government-taken assets was treated as a separate accretion arising from the delay, not as part of the capital receipt representing the asset price. The court distinguished the compensation or sale consideration itself from interest charged for the period the unpaid amount remained with the transferee, holding that such interest retains the character of revenue receipt. On that basis, the interest was held taxable as income from other sources, consistent with the principle that statutory interest on delayed compensation is assessable as revenue income. Case-Laws Income Tax Thu, 02 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14711