https://www.taxtmi.com/caselaws?id=442711 Compensation awarded for death or bodily injury in a motor accident is treated as damages, not income, and interest awarded on that compensation retains the same character. The statutory TDS provision for interest income therefore does not apply to interest paid on Motor Accident Claims Tribunal compensation in execution proceedings. Tax could not be deducted at source from such interest, and the insurer's objection was rejected as without merit. en-us Tue, 29 Aug 2023 00:00:00 +0530 Sat, 09 Sep 2023 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442711 Compensation awarded for death or bodily injury in a motor accident is treated as damages, not income, and interest awarded on that compensation retains the same character. The statutory TDS provision for interest income therefore does not apply to interest paid on Motor Accident Claims Tribunal compensation in execution proceedings. Tax could not be deducted at source from such interest, and the insurer's objection was rejected as without merit. Case-Laws Income Tax Tue, 29 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442711