2010 (12) TMI 359

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..... ssee would be taxable in the year of receipt in view of insertion of Section 45(5)(b) of the Act irrespective of whether any litigation is pending at the behest of the State in any court of law - Hence, the question of law is answered against the assessee - The appeals are dismissed. - ITA No. 528 of 2005 - - - Dated:- 6-12-2010 - MR. JUSTICE ADARSH KUMAR GOEL, MR. JUSTICE AJAY KUMAR MITTAL .....

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..... ion 45(5)(b) w.e.f. 1.4.1988 and whether the Tribunal was justified in taxing the said additional enhanced compensation as income for the year of receipt irrespective of the dispute thereof? 3. We have heard learned counsel for the parties. 4. The point that arises in this appeal is whether the enhanced compensation is taxable in the hands of the assessee in the year of receipt. 5. Th .....

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