Interest paid by builder on failure to construct flat is compensatory in nature out of preview of sec. 194A: HC

INCOME TAX : Where on builder's failure to handover possession of flat to assessee, Real Estate Regulatory Authority directed builder to refund advance amount paid by assessee with compensatory interest, since, amount payable to assessee was in nature of a judgment debt, payment of which could not establish a debtor-creditor relationship between them, TDS under section 194A was not to be deducted on interest component

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