https://www.taxtmi.com/caselaws?id=62562 The Tribunal ruled in favor of the DDA, determining that the amounts credited to the allottees under the Self-Financing Scheme were not considered "interest" under the Income-tax Act. Consequently, the DDA was not obligated to deduct tax at source. The Tribunal classified the amounts as non-taxable capital receipts, emphasizing that they were compensation for construction delays. Additionally, the Tribunal overturned the decision to treat the DDA as an assessee in default, instructing for immediate refunds of any recovered amounts. en-us Tue, 24 Jan 1995 00:00:00 +0530 Thu, 20 Jan 2011 13:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62562 The Tribunal ruled in favor of the DDA, determining that the amounts credited to the allottees under the Self-Financing Scheme were not considered "interest" under the Income-tax Act. Consequently, the DDA was not obligated to deduct tax at source. The Tribunal classified the amounts as non-taxable capital receipts, emphasizing that they were compensation for construction delays. Additionally, the Tribunal overturned the decision to treat the DDA as an assessee in default, instructing for immediate refunds of any recovered amounts. Case-Laws Income Tax Tue, 24 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62562