https://www.taxtmi.com/caselaws?id=279726 The court upheld the legality of Tax Deducted at Source (TDS) on interest from enhanced compensation under the Land Acquisition Act, citing provisions of the Income Tax Act and relevant case law. It emphasized that interest on enhanced compensation is taxable and dismissed the petitioners' claim for a refund of TDS deducted on the interest component, directing them to seek any refunds through income tax returns as per the law. The court's decision affirmed the taxability of such interest and the necessity for compliance with tax procedures for claiming refunds. en-us Wed, 12 Jul 2017 00:00:00 +0530 Wed, 03 Apr 2019 05:57:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279726 The court upheld the legality of Tax Deducted at Source (TDS) on interest from enhanced compensation under the Land Acquisition Act, citing provisions of the Income Tax Act and relevant case law. It emphasized that interest on enhanced compensation is taxable and dismissed the petitioners' claim for a refund of TDS deducted on the interest component, directing them to seek any refunds through income tax returns as per the law. The court's decision affirmed the taxability of such interest and the necessity for compliance with tax procedures for claiming refunds. Case-Laws Income Tax Wed, 12 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279726