https://www.taxtmi.com/caselaws?id=59646 The Tribunal reversed the decision of the CIT(A) and held that the additional compensation received during the pendency of litigation should not be taxed as 'Long Term Capital Gain' until the dispute is finally resolved. The Tribunal emphasized that the enhanced compensation should only be taxed when it is ultimately received, not when it is still under dispute, to prevent undue hardship to the taxpayer and avoid multiple litigations. The decision was based on the interpretation and application of section 45(5) of the IT Act and relevant case law precedents. en-us Tue, 14 Oct 2003 00:00:00 +0530 Fri, 31 Dec 2010 13:00:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59646 The Tribunal reversed the decision of the CIT(A) and held that the additional compensation received during the pendency of litigation should not be taxed as 'Long Term Capital Gain' until the dispute is finally resolved. The Tribunal emphasized that the enhanced compensation should only be taxed when it is ultimately received, not when it is still under dispute, to prevent undue hardship to the taxpayer and avoid multiple litigations. The decision was based on the interpretation and application of section 45(5) of the IT Act and relevant case law precedents. Case-Laws Income Tax Tue, 14 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59646