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2010 (4) TMI 292 - HC - Income TaxEnhanced compensation - The tribunal took a view that income by way of enhanced compensation could not have accrued to the assessee and the CIT (A) was justified in reducing the amount while computing the total income. – Held that: - the order passed by the Tribunal is not sustainable in light of the judgment of Hon'ble the Supreme Court in Ghanshyam's case. Accordingly, the orders of the Tribunal as well as that of the CIT(A) have to be set aside - after amendment of Section 45 (5) of the Act w.e.f.1.4.1998, the amount of enhanced compensation is deemed to be income of the previous year, in which it is received.
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