BIKRAM SINGH AND ORS. versus THE LAND ACQUISITION COLLECTOR AND ORS.

BIKRAM SINGH AND ORS. versus THE LAND ACQUISITION COLLECTOR AND ORS.

Interest received as income on delayed payment of compensation determined under Section 28 or 31 of the Land Acquisition Act is a revenue receipt exigible to tax under Section 4 of the Income Tax Act; Section 194A is not applicable as it relates to deduction of tax at source.

Parties
Appellants: Bikram Singh and Ors.; Respondents: The Land Acquisition Collector and Ors.
Jurisdiction
India
Judgment Date
12 September 1996
Procedural Posture
Civil Appeal / Supreme Court Judgment
Outcome
appeals dismissed
Legal Topics
Interest on Compensation, Taxability of Interest, Delayed Payment
Income Tax Land Acquisition Interest on Compensation Taxability of Interest Delayed Payment

Case Brief

Summary, issues, holding and outcome

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Parties

Bikram Singh and Ors.

Appellants

The Land Acquisition Collector and Ors.

Respondents

Procedural Posture

Civil Appeal / Supreme Court Judgment

Legal Issues

  1. 1 Whether interest received as income on delayed payment of compensation under Land Acquisition Act is exigible to tax under Income Tax Act
  2. 2 Applicability of Section 194A regarding deduction of tax at source

Ratio Decidendi

Interest received as income on delayed payment of compensation determined under Section 28 or 31 of the Land Acquisition Act is a revenue receipt exigible to tax under Section 4 of the Income Tax Act; Section 194A is not applicable as it relates to deduction of tax at source.

Court Disposition

appeals dismissed

Orders

  • Appeals dismissed without costs