https://www.taxtmi.com/caselaws?id=799144 Interest awarded under a foreign arbitral award becomes part of a judgment debt once the award is declared enforceable under section 49 of the Arbitration Act and treated as a court decree. The interest component then loses its separate character as interest. Because the amount does not arise from money borrowed or debt incurred, it falls outside the Income-tax Act definition of interest. The treaty provision governing interest income is therefore inapplicable, and the decretal amount representing arbitral interest is not taxable in India. en-us Tue, 15 Sep 2026 00:00:00 +0530 Thu, 17 Sep 2026 07:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799144 Interest awarded under a foreign arbitral award becomes part of a judgment debt once the award is declared enforceable under section 49 of the Arbitration Act and treated as a court decree. The interest component then loses its separate character as interest. Because the amount does not arise from money borrowed or debt incurred, it falls outside the Income-tax Act definition of interest. The treaty provision governing interest income is therefore inapplicable, and the decretal amount representing arbitral interest is not taxable in India. Case-Laws Income Tax Tue, 15 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799144