Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Compensation for acquisition ensures payment based on apparent consideration with adjustments for damage or improvements. Compensation payable by the Central Government equals the apparent consideration for transfer plus an additional percentage of that amount; where consideration is payable after acquisition, compensation comprises that percentage of the apparent consideration together with amounts payable before and after acquisition under the agreement. Compensation is reduced for damage or increased for improvements occurring between transfer and vesting or notice publication, with adjustments agreed by the competent authority and claimants or determined by the court on timely reference. Any shortfall relative to compensation under the Land Acquisition Act is treated as a penalty realised from the transferee, and certain separate penal levies shall not be imposed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compensation for acquisition ensures payment based on apparent consideration with adjustments for damage or improvements.
Compensation payable by the Central Government equals the apparent consideration for transfer plus an additional percentage of that amount; where consideration is payable after acquisition, compensation comprises that percentage of the apparent consideration together with amounts payable before and after acquisition under the agreement. Compensation is reduced for damage or increased for improvements occurring between transfer and vesting or notice publication, with adjustments agreed by the competent authority and claimants or determined by the court on timely reference. Any shortfall relative to compensation under the Land Acquisition Act is treated as a penalty realised from the transferee, and certain separate penal levies shall not be imposed.
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