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    <title>2008 (2) TMI 589 - KARNATAKA HIGH COURT</title>
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    <description>Interest paid on delayed land acquisition compensation was treated as a revenue receipt chargeable to income-tax, and the court held that tax deduction at source could apply to such interest under the relevant Income-tax Act provisions. The execution court had erred in proceeding on the assumption that no tax could be deducted from the interest component. The common order was set aside, and the civil revision petitions were allowed.</description>
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    <pubDate>Thu, 07 Feb 2008 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=78167</link>
      <description>Interest paid on delayed land acquisition compensation was treated as a revenue receipt chargeable to income-tax, and the court held that tax deduction at source could apply to such interest under the relevant Income-tax Act provisions. The execution court had erred in proceeding on the assumption that no tax could be deducted from the interest component. The common order was set aside, and the civil revision petitions were allowed.</description>
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      <pubDate>Thu, 07 Feb 2008 00:00:00 +0530</pubDate>
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