https://www.taxtmi.com/caselaws?id=306874 Interest received on enhanced land acquisition compensation is taxable in the year of receipt, so the recipients were required to file income tax returns and discharge the resulting liability. Where tax had been deducted at source, the proper remedy was to seek adjustment against that liability and, if excess tax remained, claim refund under the statutory mechanism. Direct writ relief for refund was therefore not warranted, and the petitioners were relegated to the return-and-refund process prescribed by law. en-us Mon, 16 Jan 2012 00:00:00 +0530 Fri, 03 Mar 2023 12:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306874 Interest received on enhanced land acquisition compensation is taxable in the year of receipt, so the recipients were required to file income tax returns and discharge the resulting liability. Where tax had been deducted at source, the proper remedy was to seek adjustment against that liability and, if excess tax remained, claim refund under the statutory mechanism. Direct writ relief for refund was therefore not warranted, and the petitioners were relegated to the return-and-refund process prescribed by law. Case-Laws Income Tax Mon, 16 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306874