https://www.taxtmi.com/caselaws?id=55266 Compensation for waste land with self-growing trees was treated as capital gains, because no agricultural operations such as cultivation, planting or nurturing were proved and the land was not shown to be under agricultural use. Additional compensation paid on final compromise and determination was assessable as enhanced compensation under section 45(5)(b) of the Income-tax Act, with the statutory scheme applying to the enhanced amount. Interest on that enhanced compensation accrued only when the right to receive the enhanced compensation finally crystallised, not year by year from the earlier date, so interest was taxable only in the year of final accrual. en-us Thu, 22 Apr 1999 00:00:00 +0530 Thu, 25 Nov 2010 09:59:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55266 Compensation for waste land with self-growing trees was treated as capital gains, because no agricultural operations such as cultivation, planting or nurturing were proved and the land was not shown to be under agricultural use. Additional compensation paid on final compromise and determination was assessable as enhanced compensation under section 45(5)(b) of the Income-tax Act, with the statutory scheme applying to the enhanced amount. Interest on that enhanced compensation accrued only when the right to receive the enhanced compensation finally crystallised, not year by year from the earlier date, so interest was taxable only in the year of final accrual. Case-Laws Income Tax Thu, 22 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55266