https://www.taxtmi.com/caselaws?id=327705 Interest awarded on motor accident compensation was treated as part of the compensation itself, not as a separate income stream taxable on receipt. Because the insurance company's challenge to the MACT award was still pending before the High Court, the compensation amount, including the interest component, had not attained finality and remained liable to variation. On that basis, taxation in the assessment year under appeal was held to be premature. The matter was restored for fresh determination in line with the final outcome of the compensation proceedings, and relief was granted for statistical purposes. en-us Wed, 11 May 2016 00:00:00 +0530 Tue, 17 May 2016 22:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327705 Interest awarded on motor accident compensation was treated as part of the compensation itself, not as a separate income stream taxable on receipt. Because the insurance company's challenge to the MACT award was still pending before the High Court, the compensation amount, including the interest component, had not attained finality and remained liable to variation. On that basis, taxation in the assessment year under appeal was held to be premature. The matter was restored for fresh determination in line with the final outcome of the compensation proceedings, and relief was granted for statistical purposes. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327705