https://www.taxtmi.com/caselaws?id=28044 Interest awarded for delayed land acquisition compensation was characterised as interest on enhanced compensation, because it compensated the assessee for deprivation of the use of property and money during the period of delay. On that basis, the receipt was not treated as initial interest. The interest also was not taxable entirely in the year of receipt, because it related to the whole period of deprivation and not to a single assessment year. It had to be spread over the relevant period of 22 years and assessed on that basis. The reference was answered in favour of the assessee. en-us Wed, 15 Feb 1984 00:00:00 +0530 Wed, 17 Feb 2010 15:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28044 Interest awarded for delayed land acquisition compensation was characterised as interest on enhanced compensation, because it compensated the assessee for deprivation of the use of property and money during the period of delay. On that basis, the receipt was not treated as initial interest. The interest also was not taxable entirely in the year of receipt, because it related to the whole period of deprivation and not to a single assessment year. It had to be spread over the relevant period of 22 years and assessed on that basis. The reference was answered in favour of the assessee. Case-Laws Income Tax Wed, 15 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28044