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2010 (9) TMI 412 - PUNJAB AND HARYANA HIGH COURTEnhanced Compensation - The assessee received enhanced compensation at1,12,828 and interest on the enhanced compensation amounting to Rs. 97,753 during the year in question - She filed return on October 8, 2002declaring nil income and agricultural income at Rs. 25,000 – Tribunal allowed the tax on enhanced compensation on the year of receipt but set aside the interest - In the cash system of accountancy, the income is taxed in the year of receipt and since the assessee had received the amount during the year in question, the same was taxable in the assessment year 2002-03 Further, under the cash system it cannot be said that the assessee had not received any income from interest under section 34 of the 1894 Act. - Appeal is allowed
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