2022 (2) TMI 1095

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....HANKER VYAS For Petitioner(s) : Mr. Sandeep Mathur Mr. Prabhansh Sharma For Respondent(s) : Mr. Prakhar Agarwal on behalf of Mr. Virendra Agarwal Mr. Nikhil Simlote on behalf of Mr. R.B. Mathur (Senior Advocate) through VC ORDER The petitioners are claimants of motor accident compensation. Their claim petition was allowed by the Motor Accident Claims Tribunal awarding compensation with....

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....n capital is liable to be taxable. In that view of the matter, the issue is required to be answered in favour of the department and against the assessee. 10. The contention of Mr. Kasliwal is that revenue income of compensation interest is also compensation, in our considered opinion, the contention is misconceived inasmuch as they are entitled benefits only for the compensation, the rest....

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....r and Ors. reported in 2020 (4) CTC 53 has referred the issue to Larger Bench. In the decision of this Court in case of Sharda Pareek (supra) the only discussion on the point is what we have reproduced earlier. Several statutory provisions and judgments of various courts were not brought to the notice of the Bench. In view of this position and also considering the importance of the issue as ....