1998 (9) TMI 48

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..... ers seek a direction to the Land Acquisition Collector to refund the amount of tax deducted from the amount of interest awarded to them under sections 28 and 34 of the Land Acquisition Act, 1894. The tax was deducted at source consistently with the obligation of the Land Acquisition Collector created by section 194A of the Income-tax Act, 1961. According to the petitioners, the amount of interest .....

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..... er relied on Satinder Singh v. Umrao Singh, AIR 1961 SC 908, to submit that compensation would not be treated as income. Learned counsel further submitted that the decision of the Supreme Court in Satinder Singh's case AIR 1961 SC 908 was not brought to the notice of the Supreme Court when Bikram Singh's case [1997] 224 ITR 551, was decided. It is also submitted that the reasoning on which their L .....

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..... he case at hand interest has been allowed as interest on the amount of compensation in accordance with the statutory provisions. The petitioner is at liberty to have the income on account of interest assessed by seeking spread over consistently with the law laid down by the Supreme Court in the case of Bikram Singh [1997] 224 ITR 551. So far as the present petition is concerned, we hold the petit .....

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