2008 (3) TMI 306 - PUNJAB AND HARYANA HIGH COURT - Income Tax

Head Note / Extract:
Held that interest on enhanced compensation would not accrue till the issue of enhanced compensation is finally decided and thereafter on attaining the finality of determination of enhanced compensation by the court, the interest accrued to the assessee has to be spread over on an annual basis right from the date of delivery of possession till the date of the order of the court on the time basis – therefore Tribunal is right in holding that holding that the interest is taxable when the issue relating to enhanced compensation attains its finality