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2010 (8) TMI 96 - HC - Income TaxInterest on enhanced compensation- Assessee received interest on enhanced compensation Rs. 14,72,006/- on 29.9.1996 pertaining to the period 20.3.1989 to 19.9.1995 on delayed payment of enhanced compensation and declared income of Rs.2,41,312/- and Rs.1,20,656/- on accrual basis for the assessment years 1995-96 and 1996-97, respectively. The department charged the whole amount of interest as income in the year of receipt. Case was decided in favour of the department by Hon'ble high court.
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