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Interest amount awarded by MACT in motor accident claims taxable or not

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(Querist)
11 May 2024 Sir, Can you please tell me Is Interest amount awarded by MACT in motor accident claims taxable or not? The TDS is already deducted by Insurance Company.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 May 2024 Yes, interest amount is not taxable.
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Sulafa S.V

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Sulafa S.V (Querist)
11 May 2024 Sir, Is there any case law regarding this?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 May 2024 Refer:
https://taxguru.in/income-tax/tax-interest-awarded-motor-accident-claim-tribunal.html

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