https://www.taxtmi.com/caselaws?id=56980 Interest awarded by the High Court on arrears of salary, granted in its discretion as compensation for delayed payment, was treated as a discretionary compensatory receipt rather than salary or profits in lieu of salary. Although the underlying arrears were taxable, the interest component was not shown to fall within the charging provisions, and the Revenue's authorities were distinguished on the facts. The receipt was therefore held not taxable. en-us Mon, 09 Oct 1995 00:00:00 +0530 Tue, 07 Dec 2010 16:23:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56980 Interest awarded by the High Court on arrears of salary, granted in its discretion as compensation for delayed payment, was treated as a discretionary compensatory receipt rather than salary or profits in lieu of salary. Although the underlying arrears were taxable, the interest component was not shown to fall within the charging provisions, and the Revenue's authorities were distinguished on the facts. The receipt was therefore held not taxable. Case-Laws Income Tax Mon, 09 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56980