1983 (4) TMI 37

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....vered by SEETHARAMA REDDY J.-The question, at the instance of the Revenue, to be answered in this reference is, whether, on the facts and in the circumstances of the case, the interest awarded by the Land Acquisition Officer under s. 34 of the Land Acquisition Act is liable to be assessed for the assessment year 1970-71. This reference concerns 11 respondents and since identical questions arise, t....

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....ng accrued only in the year in which the award was made, i.e., September 29, 1969, the entire interest was assessable in the assessment year 1970-71, whereas the assessee's case was that the interest due on compensation awarded accrued from year to year from the date on which the possession of the land was taken over by the Government and was taxable in the relevant assessment years. The assessees....

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.... Acquisition Officer. " The case of the Revenue is that the interest accrues or arises on the date when the award is finally passed by the Land Acquisition Officer and, therefore, it should be assessed in the relevant year after the said accrual. We are afraid, such cannot be the result of the interest that accrues under s. 34 of the Land Acquisition Act. No decision supporting the proposition ....