SC: Public Premises Act Prevails over State Rent Laws For Evicting Unauthorised Occupants  ||  SC: Doctors Were Unwavering Heroes in COVID-19, and Their Sacrifice Remains Indelible  ||  SC Sets Up Secondary Medical Board to Assess Passive Euthanasia Plea of Man in Vegetative State  ||  NCLAT: Amounts Listed As ‘Other Advances’ in Company’s Balance Sheet aren’t Financial Debt under IBC  ||  NCLT Ahmedabad: Objections to Coc Cannot Bar RP From Challenging Preferential Transactions  ||  J&K&L HC: Courts Should Exercise Caution When Granting Interim Relief in Public Infrastructure Cases  ||  Bombay HC: SARFAESI Sale Invalid if Sale Certificate is Not Issued Prior to IBC Moratorium  ||  Supreme Court: Police May Freeze Bank Accounts under S.102 CrPC in Prevention of Corruption Cases  ||  SC: Arbitrator’s Mandate Ends on Time Expiry; Substituted Arbitrator Must Continue After Extension  ||  SC: Woman May Move Her Department’s ICC For Harassment by Employee of Another Workplace    

ITAT, New Delhi: Interest on Enhanced Compensation Does Not Come u/s 56 IT Act - (08 Apr 2022)

DIRECT TAXATION

Income Tax Appellate Tribunal( ITAT ), New Delhi has observed that received interest on enhanced compensation does not comes under income from other sources under section 56 and not attracts Tax Deduction at Source under section 194A of the income tax act, 1961

Tags : INCOME TAX APPELLATE TRIBUNAL   RECEIVED INTEREST   ENHANCED COMPENSATION   TAX DEDUCTION AT SOURCE   SECTION 194A OF THE INCOME TAX ACT   1961  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved