https://www.taxtmi.com/caselaws?id=64709 Interest component paid with Motor Accident Claims Tribunal compensation was not "interest" arising from a borrowing, debt, or similar credit transaction under section 2(28A). Applying ejusdem generis, the inclusive references in that definition could not extend to a decretal amount paid in discharge of an MACT award through court. Section 194A therefore did not require tax deduction at source on these facts, and the resulting orders under sections 201(1) and 201(1A) were unsustainable. en-us Mon, 27 Sep 2004 00:00:00 +0530 Wed, 09 Feb 2011 14:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64709 Interest component paid with Motor Accident Claims Tribunal compensation was not "interest" arising from a borrowing, debt, or similar credit transaction under section 2(28A). Applying ejusdem generis, the inclusive references in that definition could not extend to a decretal amount paid in discharge of an MACT award through court. Section 194A therefore did not require tax deduction at source on these facts, and the resulting orders under sections 201(1) and 201(1A) were unsustainable. Case-Laws Income Tax Mon, 27 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64709