https://www.taxtmi.com/caselaws?id=182563 The Court upheld respondent No.1's decision to deduct tax at source from interest paid to the petitioners, ruling that the interest on enhanced compensation is taxable under Section 56 of the Income Tax Act. The petitioners were directed to file tax returns and could claim refunds for any excess tax deducted at source. The writ petitions were disposed of accordingly. en-us Wed, 17 Aug 2011 00:00:00 +0530 Fri, 13 May 2016 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182563 The Court upheld respondent No.1's decision to deduct tax at source from interest paid to the petitioners, ruling that the interest on enhanced compensation is taxable under Section 56 of the Income Tax Act. The petitioners were directed to file tax returns and could claim refunds for any excess tax deducted at source. The writ petitions were disposed of accordingly. Case-Laws Income Tax Wed, 17 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182563