https://www.taxtmi.com/caselaws?id=78265 The Supreme Court addressed the tax liability on enhanced compensation for acquired agricultural lands. The Court set aside the High Court's order and remitted the case to the Tribunal for fresh consideration, without expressing an opinion on the nature of the land, leaving it for the Tribunal to decide. Additionally, the Court emphasized the Tribunal's jurisdiction to reconsider the case based on the assessee's claim that the lands were agricultural and outside municipal limits, allowing for a de novo examination. The judgment was delivered on November 8, 2010, in New Delhi, with no order as to costs. en-us Mon, 08 Nov 2010 00:00:00 +0530 Tue, 06 Sep 2011 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78265 The Supreme Court addressed the tax liability on enhanced compensation for acquired agricultural lands. The Court set aside the High Court's order and remitted the case to the Tribunal for fresh consideration, without expressing an opinion on the nature of the land, leaving it for the Tribunal to decide. Additionally, the Court emphasized the Tribunal's jurisdiction to reconsider the case based on the assessee's claim that the lands were agricultural and outside municipal limits, allowing for a de novo examination. The judgment was delivered on November 8, 2010, in New Delhi, with no order as to costs. Case-Laws Income Tax Mon, 08 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78265