https://www.taxtmi.com/caselaws?id=22454 Rental compensation for requisitioned land was treated as a recurring annual accrual once the right to receive it arose on deprivation of possession under the Bombay Land Requisition framework. Later quantification or part payment in a lump sum did not change the character of the income, because an absolute and vested right to compensation gives rise to accrual when the right arises. The amount was therefore assessable on accrual basis year to year, not only in the year of receipt, and taxation had to be spread proportionately across the relevant years. en-us Wed, 27 Feb 1991 00:00:00 +0530 Thu, 10 Dec 2009 11:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22454 Rental compensation for requisitioned land was treated as a recurring annual accrual once the right to receive it arose on deprivation of possession under the Bombay Land Requisition framework. Later quantification or part payment in a lump sum did not change the character of the income, because an absolute and vested right to compensation gives rise to accrual when the right arises. The amount was therefore assessable on accrual basis year to year, not only in the year of receipt, and taxation had to be spread proportionately across the relevant years. Case-Laws Income Tax Wed, 27 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22454