Sec 45 (5) doubt

Disha Bhawnani (CA, CS) (350 Points)

20 August 2014  
Where an asset is transferred by way of compulsory acquisition then how shall the sales consideration be taxable? according to the compensation being received in installments or lump sum amount? Actually the section says when the compensation is first received, so what if a lump sum consideration has been declared but only part of it is received?