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2012 (7) TMI 756 - HC - Income TaxDeduction of tax under Section 194-A - Interest received on delay payment of compensation - award was passed on 7.9.2001 and the compensation was paid somewhere in the years 2009 – Held that:- Interest received on delayed payment is a revenue receipt exigible to Income-tax - where a compensation awarded under the Land Acquisition Act or on further appeals, interest on enhanced compensation cannot be taxed all in a lump sum as having accrued on the date on which the Court passes order for enhanced compensation; the interest has to be spread over on annual basis right from the date of delivery of possession till the date of order on a time basis - Income-tax Department shall while assessing the liability of tax of the individual assessee shall take into consideration the fact that the interest received is from the years 2001 to 2009
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