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2008 (2) TMI 589 - KARNATAKA HIGH COURTTDS on interest – compulsory acquisition – delayed payment of compensation - deduction of income-tax on interest payable under section 28 or 34 of the Land Acquisition Act – Held that: - it is clear that the apex court has held in unequivocal terms that the interest received on belated payment of compensation is a revenue receipt exigible to income-tax and it is income and the claimants are liable to pay the tax as provided under the relevant provisions of the Income-tax Act. – TDS is liable to be deducted at source – order of trial court reversed.
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