![No TDS on Interest Paid for Delayed Payment of Compensation: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/TDS-Taxscan.jpg "No TDS on Interest Paid for Delayed Payment of Compensation: Punjab & Haryana HC [Read Judgment]")
No TDS on Interest Paid for Delayed Payment of Compensation: Punjab & Haryana HC [Read Judgment]
In New India Assurance Co.Ltd. Vs Savitri Devi & Ors., the High Court of Punjab and Haryana held that the interest paid on account of delayed...
![Compensation Received from Let Out of Terrace Antenna and Hall Booking is Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Compensation-ITAT-Taxscan.jpg "Compensation Received from Let Out of Terrace Antenna and Hall Booking is Taxable as Business Income: ITAT [Read Order]")
![Compensation received by Parle for Settlement for Loss of its Bottling Rights with Coca Cola is not Taxable: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/PARLE-Taxscan.jpg "Compensation received by Parle for Settlement for Loss of its Bottling Rights with Coca Cola is not Taxable: Bombay HC [Read Judgment]")
![Income Tax can be levied on Amount of enhanced Compensation and Interest received under Land Acquisition Act: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Income Tax can be levied on Amount of enhanced Compensation and Interest received under Land Acquisition Act: SC [Read Order]")
Interest on enhanced Compensation received under the Land Acquisition Act is not subject to Capital Gain Tax: ITAT Ahmedabad [Read Order]
A division bench of the Ahmedabad ITAT, in a recent ruling, held that the interest received on enhanced compensation for land compulsorily acquired under the Land Acquisition Act is not subject to...
![Interest on enhanced Compensation received under the Land Acquisition Act is not subject to Capital Gain Tax: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Tax.jpg "Interest on enhanced Compensation received under the Land Acquisition Act is not subject to Capital Gain Tax: ITAT Ahmedabad [Read Order]")
Compensation for Loss of Trees/ Crops on laying of Gas Pipeline is Capital in Nature: ITAT Hyderabad [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) in a recent ruling, held that the compensation received by the assessee for the loss of crops/ loss of trees on laying of gas pipeline...
![Compensation for Loss of Trees/ Crops on laying of Gas Pipeline is Capital in Nature: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Compensation for Loss of Trees/ Crops on laying of Gas Pipeline is Capital in Nature: ITAT Hyderabad [Read Order]")
Compensation paid in connection Mining Activity for the Infringement of Land Owners’ Right is Revenue Expenditure: ITAT Kolkata [Read Order]
In a major relief to M/s Birla Corporation Ltd., Kolkata, the Kolkata ITAT held that the amount of compensation paid in connection mining activity by the assesse-Company, for the damaged caused on...
![Compensation paid in connection Mining Activity for the Infringement of Land Owners’ Right is Revenue Expenditure: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Compensation-Taxscan.jpg "Compensation paid in connection Mining Activity for the Infringement of Land Owners’ Right is Revenue Expenditure: ITAT Kolkata [Read Order]")
Compensation Paid by Jaipur Development Authority on account of Land Acquisition is Immune from Tax Deduction: Rajasthan HC [Read Judgment]
In a recent ruling, a division bench of the Rajasthan High Court held that compensation paid by the Jaipur Development Authority on account of land acquisition is not subject to TDS under the...
Compensation Paid to Beneficiary of Original Will under Settlement is Deductible from Capital Gain: Delhi ITAT [Read Order]
In Rama Vohra v. ITO, Delhi, a division bench of the ITAT Delhi held that the amount paid to the beneficiary of a property as per the original will under a compromise agreement can be deducted while...
Compensation Paid for release of Lease Hold Rights created by Ancestors is Deductible from Capital Gain: ITAT Hyderabad
In Maniza Jumabhoi v. ACIT, the ITAT, Hyderabad held that the payments in the nature of Compensation made by assessee for release of lease hold rights created by ancestors is allowable as expenditure...
TDS Paid on Land Acquisition is Part of Compensation, Assessee cannot utilize it on Refund when it was deposited with HC: SC
In Baranagore Jute Factory Plc. Mazdoor Sangh (Bms) Etc v. Baranagore Jute Factory Plc , the two-judge bench of the Supreme Court observed that TDS paid on land acquisition is part of Compensation,...
