Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (6) TMI 564 - AT - Income TaxTDS u/s 194A - Addition u/s 201(1) & (1A) - failure on the part of the assessee to deposit TDS on interest payments - whether payments made on account of interest on compensation /enhanced compensation forms part of compensation and not part of interest? - HELD THAT:-Identical issue came up for consideration before the Delhi Bench of the Tribunal in assessee’s own case [2022 (3) TMI 1031 - ITAT DELHI] following the judgment of Ghanshyam (HUF) [2009 (7) TMI 12 - SUPREME COURT] we hold that interest received by the land owners on enhanced compensation awarded to them by the court under section 28 of the LA Act is not in the nature of income from other sources in the hands of the recipient land owners under section 56 of the Act and therefore, the LAO was not under any legal obligation to comply with the TDS provisions of section 194A of the Act. Decided in favour of assessee.
|