https://www.taxtmi.com/caselaws?id=71166 A payment described as interest but made as compensation or damages for delay in construction and delivery of a flat did not constitute "interest" within section 2(28A) of the Income-tax Act, 1961. Because the amount was not paid on any borrowing, deposit, debt, or similar obligation, it fell outside section 194A and no tax was required to be deducted at source. The use of the word "interest" in the consumer order was only a mode of quantifying compensation and did not alter the true character of the payment. en-us Wed, 18 Sep 2002 00:00:00 +0530 Wed, 14 Jan 2026 15:08:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71166 A payment described as interest but made as compensation or damages for delay in construction and delivery of a flat did not constitute "interest" within section 2(28A) of the Income-tax Act, 1961. Because the amount was not paid on any borrowing, deposit, debt, or similar obligation, it fell outside section 194A and no tax was required to be deducted at source. The use of the word "interest" in the consumer order was only a mode of quantifying compensation and did not alter the true character of the payment. Case-Laws Income Tax Wed, 18 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71166