https://www.taxtmi.com/caselaws?id=61158 Interest awarded on enhanced compensation under section 28 of the Land Acquisition Act, 1894 was treated as compensation for delayed payment, analogous to interest under section 34, and not as income taxable only on receipt. Because the right to receive such interest accrued over the period for which possession was with the acquiring authority, the amount had to be attributed to the relevant years of accrual and taxed accordingly. Where two reasonable views were possible, the construction favourable to the assessee was preferred. The interest was therefore taxable on accrual basis in the years to which it related, not wholly in the year of receipt. en-us Fri, 23 Apr 1982 00:00:00 +0530 Tue, 11 Jan 2011 11:33:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61158 Interest awarded on enhanced compensation under section 28 of the Land Acquisition Act, 1894 was treated as compensation for delayed payment, analogous to interest under section 34, and not as income taxable only on receipt. Because the right to receive such interest accrued over the period for which possession was with the acquiring authority, the amount had to be attributed to the relevant years of accrual and taxed accordingly. Where two reasonable views were possible, the construction favourable to the assessee was preferred. The interest was therefore taxable on accrual basis in the years to which it related, not wholly in the year of receipt. Case-Laws Income Tax Fri, 23 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61158