https://www.taxtmi.com/caselaws?id=328546 The Tribunal ruled that the interest component on the enhanced accident compensation awarded by the Supreme Court is not taxable. It emphasized that the interest is compensatory in nature and forms part of the non-taxable compensation. The Tribunal criticized the misinterpretation of provisions by lower authorities and suggested administrative instructions to prevent unjust tax demands. The judgment was delivered on 31st May 2016. en-us Tue, 31 May 2016 00:00:00 +0530 Mon, 21 Nov 2016 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328546 The Tribunal ruled that the interest component on the enhanced accident compensation awarded by the Supreme Court is not taxable. It emphasized that the interest is compensatory in nature and forms part of the non-taxable compensation. The Tribunal criticized the misinterpretation of provisions by lower authorities and suggested administrative instructions to prevent unjust tax demands. The judgment was delivered on 31st May 2016. Case-Laws Income Tax Tue, 31 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328546