https://www.taxtmi.com/caselaws?id=6204 Interest payable on deferred compensation for resumption of jagir land under section 8(2) of the Madhya Bharat Abolition Jagirs Act, 1951 was treated as distinct from the compensation under section 8(1). The provision made compensation due on resumption and separately provided interest because payment was spread over instalments; the marginal heading could not override the plain statutory text. Interest paid for being kept out of the compensation amount therefore retained its ordinary character as interest and was not part of the compensation itself. It was taxable as a revenue receipt rather than a capital receipt. en-us Tue, 28 Apr 1970 00:00:00 +0530 Fri, 11 Dec 2015 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6204 Interest payable on deferred compensation for resumption of jagir land under section 8(2) of the Madhya Bharat Abolition Jagirs Act, 1951 was treated as distinct from the compensation under section 8(1). The provision made compensation due on resumption and separately provided interest because payment was spread over instalments; the marginal heading could not override the plain statutory text. Interest paid for being kept out of the compensation amount therefore retained its ordinary character as interest and was not part of the compensation itself. It was taxable as a revenue receipt rather than a capital receipt. Case-Laws Income Tax Tue, 28 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6204