https://www.taxtmi.com/caselaws?id=302094 The appellant challenged the Tribunal's decision regarding the penalty under the Income Tax Act, arguing against being treated as a defaulter for not deducting tax at source on interest payments related to compensation claims. Relying on previous court decisions, the appellant contended that such awards should not be considered as income for tax deduction purposes. The court sided with the appellant, overturning the Tribunal's decision and confirming that compensation from such claims should be excluded from tax deduction provisions, ultimately allowing the appeal in favor of the appellant. en-us Wed, 01 Feb 2017 00:00:00 +0530 Wed, 04 May 2022 20:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302094 The appellant challenged the Tribunal's decision regarding the penalty under the Income Tax Act, arguing against being treated as a defaulter for not deducting tax at source on interest payments related to compensation claims. Relying on previous court decisions, the appellant contended that such awards should not be considered as income for tax deduction purposes. The court sided with the appellant, overturning the Tribunal's decision and confirming that compensation from such claims should be excluded from tax deduction provisions, ultimately allowing the appeal in favor of the appellant. Case-Laws Income Tax Wed, 01 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302094