https://www.taxtmi.com/caselaws?id=361626 Payment described as 12% per annum in a land acquisition award was treated as additional compensation under section 23(1A) of the Land Acquisition Act, 1894, not as interest. The substance of the payment, rather than its label in the award, governed its tax character. Because the amount was additional compensation and not interest, no tax deduction at source was required under section 194A of the Income-tax Act, 1961. The competent authority's clarification supported the Tribunal's view, and the Revenue's challenge failed. en-us Thu, 10 May 2018 00:00:00 +0530 Thu, 15 Nov 2018 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361626 Payment described as 12% per annum in a land acquisition award was treated as additional compensation under section 23(1A) of the Land Acquisition Act, 1894, not as interest. The substance of the payment, rather than its label in the award, governed its tax character. Because the amount was additional compensation and not interest, no tax deduction at source was required under section 194A of the Income-tax Act, 1961. The competent authority's clarification supported the Tribunal's view, and the Revenue's challenge failed. Case-Laws Income Tax Thu, 10 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361626