https://www.taxtmi.com/caselaws?id=36902 Interest on enhanced compensation accrues when the assessee acquires a vested right to receive it, not merely when the amount is later quantified. In land acquisition matters, where possession is taken without immediate payment, the obligation to pay compensation and related interest arises from the date of dispossession. On the facts stated, the 1961 award only quantified liabilities that had already arisen from the 1945-46 acquisition, so accrual was not deferred to assessment year 1962-63. Only the amount actually accruing in that year was taxable, and the balance was correctly deleted. en-us Wed, 09 Jan 1980 00:00:00 +0530 Thu, 25 Mar 2010 12:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36902 Interest on enhanced compensation accrues when the assessee acquires a vested right to receive it, not merely when the amount is later quantified. In land acquisition matters, where possession is taken without immediate payment, the obligation to pay compensation and related interest arises from the date of dispossession. On the facts stated, the 1961 award only quantified liabilities that had already arisen from the 1945-46 acquisition, so accrual was not deferred to assessment year 1962-63. Only the amount actually accruing in that year was taxable, and the balance was correctly deleted. Case-Laws Income Tax Wed, 09 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36902