https://www.taxtmi.com/caselaws?id=28480 The High Court held that interest received on compensation is taxable as income. However, it ruled that the interest amount should not be taxed in the assessment year 1957-58 but in the year of the final judgment. The court determined that the interest was of a casual and non-recurring nature, thus not taxable in the initial assessment year. en-us Tue, 22 Jun 1982 00:00:00 +0530 Tue, 23 Feb 2010 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28480 The High Court held that interest received on compensation is taxable as income. However, it ruled that the interest amount should not be taxed in the assessment year 1957-58 but in the year of the final judgment. The court determined that the interest was of a casual and non-recurring nature, thus not taxable in the initial assessment year. Case-Laws Income Tax Tue, 22 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28480