Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (10) TMI 434 - HIMACHAL PRADESH, HIGH COURTInterest on compensation - interest granted to the land owner under Section 28 of the Land Acquisition Act, 1894 on the enhanced amount of compensation – Held that:- Interest payable under Section 28 of the Land Acquisition Act, 1894 is a part of compensation and is not interest at all and therefore, must be taxed as compensation. - interest is not taxable on year to year basis or in the year in which the amount is actually credited to the landowner. Decision of Apex Court in Commissioner of Income Tax, Faridabad versus Ghanshyam, (HUF), ([2009 (7) TMI 12 - SUPREME COURT]
|