https://www.taxtmi.com/caselaws?id=384329 Interest awarded on motor accident compensation from the claim petition until the appellate judgment is compensatory in character, forming part of just recompense for death or bodily injury and not an independent income. On that basis, it is not taxable as income from other sources and no tax deduction at source can be made on that component; sections 56(2)(viii), 145A(b) and 194A do not create a charge where the receipt is not income. Interest paid for delay after the award or judgment stands apart, is ordinary interest income, and is taxable. The assessment was set aside for fresh determination consistent with this distinction. en-us Thu, 08 Aug 2019 00:00:00 +0530 Wed, 25 Sep 2019 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384329 Interest awarded on motor accident compensation from the claim petition until the appellate judgment is compensatory in character, forming part of just recompense for death or bodily injury and not an independent income. On that basis, it is not taxable as income from other sources and no tax deduction at source can be made on that component; sections 56(2)(viii), 145A(b) and 194A do not create a charge where the receipt is not income. Interest paid for delay after the award or judgment stands apart, is ordinary interest income, and is taxable. The assessment was set aside for fresh determination consistent with this distinction. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384329