https://www.taxtmi.com/caselaws?id=29297 Interest on enhanced compensation under section 28 of the Land Acquisition Act, 1894 was treated as compensation for delayed payment, not a separate discretionary amount. The right to receive it arose when possession was taken and liability existed from that date, so the income accrued day to day until payment was quantified. Accordingly, the accounting method did not change the statutory accrual position. Only the portion of interest that accrued during the previous year relevant to assessment year 1961-62 was assessable in that year. en-us Wed, 05 May 1982 00:00:00 +0530 Fri, 12 Mar 2010 10:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29297 Interest on enhanced compensation under section 28 of the Land Acquisition Act, 1894 was treated as compensation for delayed payment, not a separate discretionary amount. The right to receive it arose when possession was taken and liability existed from that date, so the income accrued day to day until payment was quantified. Accordingly, the accounting method did not change the statutory accrual position. Only the portion of interest that accrued during the previous year relevant to assessment year 1961-62 was assessable in that year. Case-Laws Income Tax Wed, 05 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29297