A two-judge bench of the Bombay High Court comprising Justices Akil Kureshi and S J Kathawalla has held that the income tax should not have been deducted from the interest on the motor accident compensation awarded by the court. The petitioner, an eight-year-old city boy was left maimed for life in a car accident. The […]
The post Interest from Motor Accident Compensation not subject to Income Tax: Bombay High Court [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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