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2.
3.
MAC APP.No.596/2008
3.
page 1 of 6
Section 194A (1) and (3) (ix) of the Income-Tax Act are
MAC APP.No.596/2008
page 2 of 6
SECTION
194A (3) - The provisions
of sub-section (1) shall not apply
(ix) to such income credited or paid
by
way
of
interest
on
the
compensation amount awarded by the
Motor Accidents Claims Tribunal where
the amount of such income or, as the
case may, the aggregate of the
amounts of such income credited or
paid during the financial year does not
exceed fifty thousand rupees.
7.
under:(i)
(ii)
(iii)
8.
(ii)
The
appellant
is
not
responsible
to
make
page 3 of 6
(iii)
9.
page 4 of 6
of
the
Standing
Counsel
of
the
Income-Tax
Income-Tax
Department
has
been
apprised
of
the
page 5 of 6
The learned
I, therefore, hold
cases
of
deposit
of
interest
amount
exceeding
J.R. MIDHA, J.
page 6 of 6