https://www.taxtmi.com/caselaws?id=302505 Statutory interest awarded in land acquisition matters remains distinct from compensation, so tax deducted at source may validly apply to interest under Sections 28 and 34 of the Land Acquisition Act, 1894. The Bombay HC followed the larger Bench view that such court-awarded interest does not lose its character as interest, and declined to adopt the later contrary distinction. If tax was deducted from compensation itself, the affected party could make a representation to the Income-tax Officer and obtain refund of any excess deduction established on verification. en-us Tue, 27 Aug 2013 00:00:00 +0530 Tue, 31 May 2022 15:08:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302505 Statutory interest awarded in land acquisition matters remains distinct from compensation, so tax deducted at source may validly apply to interest under Sections 28 and 34 of the Land Acquisition Act, 1894. The Bombay HC followed the larger Bench view that such court-awarded interest does not lose its character as interest, and declined to adopt the later contrary distinction. If tax was deducted from compensation itself, the affected party could make a representation to the Income-tax Officer and obtain refund of any excess deduction established on verification. Case-Laws Indian Laws Tue, 27 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302505