Deemed income u/s 56 - interest awarded as a part of enhanced ...

Interest from Enhanced Accident Compensation Not Income Under Income Tax Act Section 56, Nature Must Be Income to Tax.

June 7, 2016

Case Laws Income Tax AT

Deemed income u/s 56 - interest awarded as a part of enhanced accident compensation - To suggest that since an item is listed under section 56(2), even without there being anything to show that it is of income nature, it can be brought to tax is like putting the cart before the horse - AT

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Deemed income u/s 56 - interest awarded as a part of enhanced ...

Interest from Enhanced Accident Compensation Not Income Under Income Tax Act Section 56, Nature Must Be Income to Tax.

June 7, 2016

Case Laws Income Tax AT

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