https://www.taxtmi.com/caselaws?id=174341 The Tribunal allowed the appeal, directing the Assessing Officer to grant exemption under section 10(37) for the enhanced compensation received on the compulsory acquisition of urban agricultural lands. The Tribunal clarified that the requirement under section 10(37)(ii) is that the land be used for agricultural purposes by the assessee or his parent, not necessarily that the assessee himself carries out agricultural activities. The Tribunal found that the assessee met the conditions for exemption as agricultural income was regularly declared and evidence of agricultural activities was provided. en-us Fri, 23 Nov 2012 00:00:00 +0530 Tue, 05 Apr 2016 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174341 The Tribunal allowed the appeal, directing the Assessing Officer to grant exemption under section 10(37) for the enhanced compensation received on the compulsory acquisition of urban agricultural lands. The Tribunal clarified that the requirement under section 10(37)(ii) is that the land be used for agricultural purposes by the assessee or his parent, not necessarily that the assessee himself carries out agricultural activities. The Tribunal found that the assessee met the conditions for exemption as agricultural income was regularly declared and evidence of agricultural activities was provided. Case-Laws Income Tax Fri, 23 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174341