2017 (9) TMI 1797 - SCH - Income Tax

Stay of direction of High Court - Accrual of income - Compensation awarded by the Motor Accident Claims - whether sum payable to the claimants on the death of victim falls within the ambit of interest within the meaning of Sec. 2 (28A) and can be subjected to tax? - HELD THAT - As the same issue continues to be pending before the High Court at Jaipur. We request the Jaipur High Court to take up the said appeal and decide the same at the earliest.

Summary

The Supreme Court of India granted exemption from filing O.T. and ordered a stay on the directions in para 11.2 of the impugned judgment. The Court requested the High Court at Jaipur to expedite Appeal No. 1373/2004.