https://www.taxtmi.com/caselaws?id=17959 Interest awarded under section 110CC of the Motor Vehicles Act, 1939, is a statutory payment distinct from compensation for injury or disability because it compensates the claimant for deprivation of the use of money during the relevant period. On that basis, the Rajasthan HC treated the interest component as a revenue receipt rather than part of the capital compensation for the motor accident claim, and held it exigible to income-tax. en-us Mon, 06 May 1996 00:00:00 +0530 Fri, 25 Sep 2009 17:43:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17959 Interest awarded under section 110CC of the Motor Vehicles Act, 1939, is a statutory payment distinct from compensation for injury or disability because it compensates the claimant for deprivation of the use of money during the relevant period. On that basis, the Rajasthan HC treated the interest component as a revenue receipt rather than part of the capital compensation for the motor accident claim, and held it exigible to income-tax. Case-Laws Income Tax Mon, 06 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17959