https://www.taxtmi.com/caselaws?id=276706 Interest awarded on enhanced land acquisition compensation was examined in substance rather than by label, and was treated as damages compensating the owner for deprivation of possession until payment. Applying the distinction between taxable income and a capital sum merely estimated in terms of interest, the receipt was held not to constitute income under the Indian Income-tax Act, 1922. The question was answered in the negative and in favour of the assessee. en-us Mon, 26 Mar 1962 00:00:00 +0530 Fri, 16 Nov 2018 11:05:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276706 Interest awarded on enhanced land acquisition compensation was examined in substance rather than by label, and was treated as damages compensating the owner for deprivation of possession until payment. Applying the distinction between taxable income and a capital sum merely estimated in terms of interest, the receipt was held not to constitute income under the Indian Income-tax Act, 1922. The question was answered in the negative and in favour of the assessee. Case-Laws Income Tax Mon, 26 Mar 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276706