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Documents citing T. N. K. Govindarajulu Chetty vs Commissioner Of Income-Tax, Madras on 17 April, 1967

Fazilka Electric Supply Co. Ltd. vs Commissioner Of Income-Tax on 21 May, 1982

We are unable to accept the contrary ruling of the Madras High Court in T. N. K. Govindarajulu Chetty v. Commissioner of Income Tax or of the Punjab and Haryana High Court in Commissioner of Income Tax v. Dr. Shyam Lal Na-rula ." It may be pointed out that this decision understands Sampangiramaiah in the way we have done earlier and that though the case concerned interest under Section 28 of the Land Acquisition Act on the grant of which the court has discretion, the decision is not based on that circumstance; it is based on the considgration that the interest on the enhanced compensation can arise only when it is granted and cannot be held, in anticipation, to accrue as from [he date of dispossession itself. 10. Addl.
Delhi High Court Cites 42 - Cited by 0 - S Ranganathan - Full Document

Jagpal,Gurugram vs Pr. Commissioner Of Income Tax, ... on 16 January, 2026

9. This position of law has been consistently reiterated by this Court in the case of T.N.K. Govindaraju Chetty v. CIT [(1967) 66 ITR 465 : AIR 1968 SC 129] , Rama Bai v. CIT [1990 Supp SCC 699 : (1990) 181 ITR 400] and K.S. Krishna Rao v. CIT [[1990] 84 CTR 144/181 ITR 408/[1991] 54 Taxman 339 (SC)] . Thus by a catena of judicial pronouncements, it is settled law that the interest received on delayed payment of the compensation is a revenue receipt exigible to income tax.
Income Tax Appellate Tribunal - Delhi Cites 27 - Cited by 0 - Full Document

Vijay Ship Breaking Corpn. vs Deputy Commissioner Of Income Tax on 16 April, 2002

The same principle would apply if interest is payable under the terms of an agreement and the Court or the arbitrator gives effect to the terms of the agreement and awards interest: T.N.K. Govindaraju Chetty v. CIT (1867) 66 ITR 465 (SC). But where the interest is merely in name but constitutes part of the compensation or part of the damages, it is not "interest" chargeable to income-tax.
Income Tax Appellate Tribunal - Rajkot Cites 36 - Cited by 0 - Full Document

The Union Of India (Uoi) vs Lalit Kumar Mukherjee And Ors. on 6 May, 1992

12. Following the above decision the Supreme Court in the case of T.N.K. Govindaraju Chetty v. Commissioner of Income Tax (supra) has held that there is nothing in Section 19(1)(g) of the Defence of India Act which excludes the application of substantive law relating to payment of interest. So in view of the aforesaid decisions we hold that though Section 19 of the Defence of India Act makes no specific provision for payment of interest still that will not exclude the application of substantive law relating to payment of interest and that Referring Claimants are entitled to get interest on the amount of compensation as assessed above.
Calcutta High Court Cites 21 - Cited by 5 - Full Document

Commissioner Of Income-Tax, Tamil ... vs P. Mariappa Gounder on 17 January, 1983

19. The decision in T. N. K. Govindarajulu Chetty's case [1973] 87 ITR 22 (Mad), is not alone among cases dealing with interest payable on compensation for compulsory acquisition of land. There are other decisions too in which the interest on compensation was held properly assessable in the year to which they relate and, therefore in the year in which they may be said to accrue.
Madras High Court Cites 13 - Cited by 23 - Full Document
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