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2009 (10) TMI 494 - HC - Income TaxLand Acquisition - In the year 1994 the agricultural land of the petitioners was acquired for construction of a canal. As against the award passed granting compensation a reference under section 18 of the Land Acquisition Act, 1894 was filed and the compensation amount was enhanced. Respondent No. 3 deposited the enhanced compensation in the executing court, after deducting a sum of Rs. 2,19,779 as tax at source. Further Petitioner No. 1 was asked to deposit another sum of Rs. 8,79,116 as tax under the provisions of section 194A read with section 194LA of the Act. Held that - under section 194A of the Act, tax could be deducted at source from the interest realized from enhanced compensation because it was regarded as revenue receipt.
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