https://www.taxtmi.com/caselaws?id=30812 The court held in favor of the assessee, ruling that the interest received on enhanced compensation should not be taxed until the finalization of the compensation matter. The court relied on various judgments supporting the non-taxability of interest in similar cases where compensation matters were pending. The Revenue's contention that the interest should be taxable despite the pending quantification issue was rejected. The court emphasized that interest on compensation should not be taxed until the proceedings reach finality, ultimately deciding in favor of the assessee. en-us Wed, 17 Jan 2007 00:00:00 +0530 Thu, 25 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30812 The court held in favor of the assessee, ruling that the interest received on enhanced compensation should not be taxed until the finalization of the compensation matter. The court relied on various judgments supporting the non-taxability of interest in similar cases where compensation matters were pending. The Revenue's contention that the interest should be taxable despite the pending quantification issue was rejected. The court emphasized that interest on compensation should not be taxed until the proceedings reach finality, ultimately deciding in favor of the assessee. Case-Laws Income Tax Wed, 17 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30812