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Interest on mact claim/compensation

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(Querist)
03 March 2017 PLS ADVICE WHETHER INTEREST RECIEVED ON MACT CLAIM IS TAXABLE?
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
03 March 2017 Yes such interest is taxable under income from other sources
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yogesh talwar

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yogesh talwar (Querist)
03 March 2017 BUT SOME CASE LAWS STATE THAT THE ABOVE INCOME IS IN FORM OF COMPENSATION & HENCE ARE CAPITAL RECIEPT & NOT TAXABLE




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