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2011 (2) TMI 867 - HC - Income TaxIncome from other sources - The Hon'ble ITAT was holding that Interest received on enhanced compensation is not taxable in the year of receipt despite the fact that the assessee is not following the mercantile system of account - The similar issue came up for consideration before this Court in The Commissioner of Income Tax, Faridabad v. Bir Singh (HUF) Ballabgarh (2010 -TMI - 205309 - PUNJAB & HARYANA HIGH COURT) - As per this case the appeals are allowed and the questions of law are answered in favour of the revenue.
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