https://www.taxtmi.com/caselaws?id=199619 Interest awarded by a court on a money debt for a defined period and at a specified rate retained its character as "interest of money" for tax purposes, even though it was included in the judgment sum and treated as merged in the debt between the parties. The analysis distinguishes such interest from damages merely assessed by reference to interest. It also states that the statutory duty to deduct tax at source remained mandatory on payment of the judgment debt, because merger did not defeat the Crown's right to tax or the payer's obligation to deduct when satisfying the debt. en-us Fri, 22 Jun 1945 00:00:00 +0630 Wed, 07 Mar 2018 18:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199619 Interest awarded by a court on a money debt for a defined period and at a specified rate retained its character as "interest of money" for tax purposes, even though it was included in the judgment sum and treated as merged in the debt between the parties. The analysis distinguishes such interest from damages merely assessed by reference to interest. It also states that the statutory duty to deduct tax at source remained mandatory on payment of the judgment debt, because merger did not defeat the Crown's right to tax or the payer's obligation to deduct when satisfying the debt. Case-Laws Income Tax Fri, 22 Jun 1945 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=199619