Dismissing the appeal of the revenue the Court held that;additional compensation paid wrongly mentioned as interest in award .Not liable to deduct tax at source .of Competent Authority. ( AY.2013-14)
CIT (TDS) v. Dedicated Freight Corridor Corporation Ltd. (2018) 408 ITR 380 /( 2019) 173 DTR 349 /306 CTR 413(P&H) (HC)
S. 194A : Deduction at source – Interest other than interest on securities – Additional compensation paid wrongly mentioned as interest in award -Not liable to deduct tax at source .of Competent Authority.[S. 201(1), 201 (IA),Land Acquisition Act, 1894, S.23(IA) ]