https://www.taxtmi.com/caselaws?id=302094 Interest paid on compensation awarded by the Motor Accidents Claims Tribunal, in the relevant pre-amendment setting, was treated as not falling within the income covered by the TDS provision, so tax was not required to be deducted at source from the compensation deposited for claimants. On that basis, the consequential penalty and treatment of the payer as a defaulter under the Income-tax Act were unsustainable. The issue was answered in favour of the assessee and against the department, consistent with earlier decisions on the same point. 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 Interest paid on compensation awarded by the Motor Accidents Claims Tribunal, in the relevant pre-amendment setting, was treated as not falling within the income covered by the TDS provision, so tax was not required to be deducted at source from the compensation deposited for claimants. On that basis, the consequential penalty and treatment of the payer as a defaulter under the Income-tax Act were unsustainable. The issue was answered in favour of the assessee and against the department, consistent with earlier decisions on the same point. Case-Laws Income Tax Wed, 01 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302094