https://www.taxtmi.com/caselaws?id=28383 Interest under section 34 of the Land Acquisition Act accrues from the date possession of the acquired land is taken and continues year by year until the amount is quantified; the later award only fixes the sum payable and does not create the liability for the first time. On that basis, such interest is taxable in the relevant assessment years from the date of dispossession, rather than only in the year the award is made. This is distinguished from interest under section 28, which arises from the court's determination of enhanced compensation and is tied to the final fixing of that enhanced amount. en-us Mon, 18 Apr 1983 00:00:00 +0530 Mon, 22 Feb 2010 11:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28383 Interest under section 34 of the Land Acquisition Act accrues from the date possession of the acquired land is taken and continues year by year until the amount is quantified; the later award only fixes the sum payable and does not create the liability for the first time. On that basis, such interest is taxable in the relevant assessment years from the date of dispossession, rather than only in the year the award is made. This is distinguished from interest under section 28, which arises from the court's determination of enhanced compensation and is tied to the final fixing of that enhanced amount. Case-Laws Income Tax Mon, 18 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28383