COMMISSIONER OF INCOME TAX vs GOVINDBHAI MAMAIYA

Authority: Supreme Court Date: 2014-09-04 AY: 1987-88 Section: 9(3), 3, 28, 34, 45(5)(b) Acts: Income Tax Act 1961, Land Acquisition Act 1894 Result: Partly Citation: (2014) 109 DTR (SC) 65 Justices: J. CHELAMESWAR & A. K. SIKRI, JJ. Appeal No: CIVIL APPEAL NO(S). 8103", "2009, 8104", "2009, 8105", "2009, 8106", "2009, 8107", "2009
Whether three brothers inheriting land and receiving enhanced compensation with interest should be assessed as 'Association of Persons' (AoP) or 'Individuals'? --- Held: Individuals. Whether interest on enhanced compensation under Section 28 of the Land Acquisition Act 1894 should be taxed on receipt basis or spread over accrual basis? --- Held: Receipt basis.

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