Court Allows 50% Deduction for Interest on Enhanced Compensation u/s 57(iv) of Income Tax Act.

Disallowance of claim of deduction @ 50% u/s 57(iv) - interest received on enhanced compensation - on the basis of the overriding provision of Section 56(2)(viii) read with Section 57(iv) of the Act, we agree that the assessee is entitled to the statutory deduction of 50% u/s 57(iv) of the Act - AT .....

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