https://www.taxtmi.com/caselaws?id=27077 Under land acquisition law, compensation becomes payable from the date of dispossession, and statutory interest for delayed payment accrues day to day from that date rather than from the later decree quantifying enhanced compensation. Interest is treated as distinct from compensation and is payable for deprivation of the use of money representing the compensation amount. Once awarded, its character does not change for tax purposes merely because it is granted in proceedings for excess compensation. The legal effect is that entitlement to interest relates back to the taking of possession and continues until payment. en-us Wed, 03 Jul 1985 00:00:00 +0530 Wed, 10 Feb 2010 15:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27077 Under land acquisition law, compensation becomes payable from the date of dispossession, and statutory interest for delayed payment accrues day to day from that date rather than from the later decree quantifying enhanced compensation. Interest is treated as distinct from compensation and is payable for deprivation of the use of money representing the compensation amount. Once awarded, its character does not change for tax purposes merely because it is granted in proceedings for excess compensation. The legal effect is that entitlement to interest relates back to the taking of possession and continues until payment. Case-Laws Income Tax Wed, 03 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27077