https://www.taxtmi.com/caselaws?id=297703 Compensation awarded for compulsory acquisition of agricultural land was held not liable to income tax deduction at source, because the statutory scheme and the land's agricultural character took the award outside such withholding. As the deduction was impermissible, the wrongly withheld amount had to be refunded. The Court further held that interest was payable on the deducted sum from the date of deduction until realisation, and directed the acquiring authorities to make restitution, with liberty to recover the amount from the Income Tax Department if already remitted. en-us Thu, 01 Mar 2018 00:00:00 +0530 Sat, 18 Sep 2021 08:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297703 Compensation awarded for compulsory acquisition of agricultural land was held not liable to income tax deduction at source, because the statutory scheme and the land's agricultural character took the award outside such withholding. As the deduction was impermissible, the wrongly withheld amount had to be refunded. The Court further held that interest was payable on the deducted sum from the date of deduction until realisation, and directed the acquiring authorities to make restitution, with liberty to recover the amount from the Income Tax Department if already remitted. Case-Laws Income Tax Thu, 01 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297703