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Taxability of mact claim & interest thereon

This query is : Resolved 
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(Querist)
25 November 2013 Respected Shri Paras Bafna Ji,
MACT claim relates to death of our client & their legal heirs received the claim with
interest. Please clarify whether such claim & interest are taxable & whether relief u/s 89
of the IT ACT can be claimed.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
25 November 2013 The claim is not taxable.
.
Interest is taxable.
.
Claim with interest is a greater relief. Section 89 is not applicable.
.

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