https://www.taxtmi.com/caselaws?id=36478 Interest on enhanced compensation under section 28 of the Land Acquisition Act accrues only when the court enhances compensation and, in its discretion, awards interest. The right to receive such interest arises on the passing of the decree, not merely on the earlier taking of possession or on the underlying factual basis for the claim. It is therefore assessable in the assessment year in which it is awarded and received. This is distinct from interest under section 34, which accrues from year to year by operation of law until payment or deposit of compensation. en-us Wed, 05 Dec 1979 00:00:00 +0530 Mon, 22 Mar 2010 15:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36478 Interest on enhanced compensation under section 28 of the Land Acquisition Act accrues only when the court enhances compensation and, in its discretion, awards interest. The right to receive such interest arises on the passing of the decree, not merely on the earlier taking of possession or on the underlying factual basis for the claim. It is therefore assessable in the assessment year in which it is awarded and received. This is distinct from interest under section 34, which accrues from year to year by operation of law until payment or deposit of compensation. Case-Laws Income Tax Wed, 05 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36478