TMI Blog2011 (5) TMI 939X X X X Extracts X X X X X X X X Extracts X X X X ..... the amount of compensation and the enhanced compensation for the acquired land is subject to deduction of tax at source is the sole question raised in this petition. 2. The prayer of the petitioner is for issuance of a writ quashing the certificate dated 28.1.2011 of deduction of tax at source issued under Section 203 of the Income Tax Act, 1961 (in short the Act ) and also for a direction to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e heard learned counsel for the petitioner and have perused the record. 6. A perusal of Annexure P-2 clearly depicts that the nature of interest received by the petitioner falls under Section 194-A of the Act on account of delayed payment made by the State Government for acquisition of her land. Learned counsel for the petitioner submitted that since the interest was received in respect of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he year of receipt under cash system of accountancy. It had also been observed that where the assessee is not maintaining books of accounts by adopting any specific method, it shall be treated to be cash system of accountancy. In the present case, the interest received by the petitioner was on account of delay in making the payment of enhanced compensation and, therefore, would fall under Section ..... X X X X Extracts X X X X X X X X Extracts X X X X
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