https://www.taxtmi.com/caselaws?id=25851 Compulsory acquisition of an electricity undertaking is treated as a sale for section 41(2) purposes, but the balancing charge is not assessable until the compensation or sale price is finally ascertained and becomes due; provisional or ad hoc receipts pending arbitration do not justify piecemeal assessment. Earlier binding rulings also recognised that an assessee may challenge the levy of interest in appeal before the Appellate Assistant Commissioner. en-us Fri, 08 Aug 1986 00:00:00 +0530 Mon, 01 Feb 2010 13:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25851 Compulsory acquisition of an electricity undertaking is treated as a sale for section 41(2) purposes, but the balancing charge is not assessable until the compensation or sale price is finally ascertained and becomes due; provisional or ad hoc receipts pending arbitration do not justify piecemeal assessment. Earlier binding rulings also recognised that an assessee may challenge the levy of interest in appeal before the Appellate Assistant Commissioner. Case-Laws Income Tax Fri, 08 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25851