https://www.taxtmi.com/caselaws?id=303782 The court interpreted provisions of the Income Tax Act regarding tax deduction on interest received on compensation. It clarified that tax deduction is required on interest exceeding a specified threshold from compensation awarded by the Motor Accidents Claims Tribunal. For cases under the Workmen Compensation Act, the court advised claimants to seek refunds from the Income Tax Department if tax was lawfully deducted at source. The court set aside the order directing the Insurance Company to release the tax amount and instructed claimants to pursue refunds independently. The revision petition was allowed, resolving all pending applications in the case. en-us Fri, 23 Mar 2018 00:00:00 +0530 Fri, 12 Aug 2022 20:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303782 The court interpreted provisions of the Income Tax Act regarding tax deduction on interest received on compensation. It clarified that tax deduction is required on interest exceeding a specified threshold from compensation awarded by the Motor Accidents Claims Tribunal. For cases under the Workmen Compensation Act, the court advised claimants to seek refunds from the Income Tax Department if tax was lawfully deducted at source. The court set aside the order directing the Insurance Company to release the tax amount and instructed claimants to pursue refunds independently. The revision petition was allowed, resolving all pending applications in the case. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303782