https://www.taxtmi.com/caselaws?id=25820 Conflicting High Court views on the assessability of enhanced compensation for compulsory land acquisition meant the issue of accrual and the year of taxability remained unsettled. The same divergence existed on whether interest on enhanced compensation accrued in the year of the court decree or had to be allocated to the relevant years. In that setting, the Tribunal's order gave rise to a referable question of law under section 256(2) of the Income-tax Act, 1961, and the reference application was maintainable. The Tribunal was directed to state the case and refer both questions for opinion. en-us Wed, 11 Sep 1985 00:00:00 +0530 Mon, 01 Feb 2010 11:11:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25820 Conflicting High Court views on the assessability of enhanced compensation for compulsory land acquisition meant the issue of accrual and the year of taxability remained unsettled. The same divergence existed on whether interest on enhanced compensation accrued in the year of the court decree or had to be allocated to the relevant years. In that setting, the Tribunal's order gave rise to a referable question of law under section 256(2) of the Income-tax Act, 1961, and the reference application was maintainable. The Tribunal was directed to state the case and refer both questions for opinion. Case-Laws Income Tax Wed, 11 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25820