https://www.taxtmi.com/caselaws?id=62191 The Appellate Tribunal ITAT Cochin ruled in favor of the assessee regarding the taxability of additional compensation received for the transfer of agricultural land to the Greater Cochin Department Authority. The Tribunal held that the enhanced compensation could not be taxed as capital gains, citing a Bombay High Court decision and allowing the appeal in part. The assessee successfully challenged the inclusion of the enhanced compensation in the full value of consideration under section 155(7A), asserting their right to dispute the taxability of capital gains on the additional compensation. en-us Fri, 25 Jul 1986 00:00:00 +0530 Tue, 18 Jan 2011 14:31:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62191 The Appellate Tribunal ITAT Cochin ruled in favor of the assessee regarding the taxability of additional compensation received for the transfer of agricultural land to the Greater Cochin Department Authority. The Tribunal held that the enhanced compensation could not be taxed as capital gains, citing a Bombay High Court decision and allowing the appeal in part. The assessee successfully challenged the inclusion of the enhanced compensation in the full value of consideration under section 155(7A), asserting their right to dispute the taxability of capital gains on the additional compensation. Case-Laws Income Tax Fri, 25 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62191