https://www.taxtmi.com/caselaws?id=36535 Interest on enhanced compensation in land acquisition proceedings was held to accrue only when the court actually awards it, because the claimant has no enforceable right to such interest until the decree is made. On that basis, the amount became taxable as income in the year of accrual, and the contention that it was a capital receipt was rejected. The Tribunal's view that the interest was assessable in the relevant assessment year was upheld, and the questions referred were answered in favour of the department. en-us Fri, 25 Jan 1980 00:00:00 +0530 Tue, 23 Mar 2010 10:44:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36535 Interest on enhanced compensation in land acquisition proceedings was held to accrue only when the court actually awards it, because the claimant has no enforceable right to such interest until the decree is made. On that basis, the amount became taxable as income in the year of accrual, and the contention that it was a capital receipt was rejected. The Tribunal's view that the interest was assessable in the relevant assessment year was upheld, and the questions referred were answered in favour of the department. Case-Laws Income Tax Fri, 25 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36535