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[Cites 0, Cited by 0] [Section 269K] [Entire Act]

Union of India - Subsection

Section 269K(5) in The Income Tax Act, 1961

(5)Where any amount of compensation (including interest, if any, thereon) has been deposited in the Court under this section, the Court may, either of its own motion or on an application made by or on behalf of any party interested or claiming to be interested in such amount, order the same to be invested in such Government or other securities as it may think proper, and may direct the interest or other proceeds of any such investment to be accumulated and paid in such manner as will, in its opinion, give the parties interested therein the same benefit therefrom as they might have had from the immovable property in respect whereof such amount has been deposited or as near thereto as may be.