Court Rules Against Splitting Land and Trees Transaction for Taxation; Must Be Treated as Single Entity.

Court Rules Against Splitting Land and Trees Transaction for Taxation; Must Be Treated as Single Entity. https://www.taxtmi.com/highlights?id=25314 Acquisition of agricultural land - nature of compensation - it was one transaction of acquisition, under which the land, as well as the trees, etc., had been acquired, and splitting the same into two for the purpose of taxation would be against the law. - HC en-us Wed, 14 Oct 2015 15:09:21 +0530 Wed, 14 Oct 2015 15:09:21 +0530 TaxTMI RSS Generator Court Rules Against Splitting Land and Trees Transaction for Taxation; Must Be Treated as Single Entity. https://www.taxtmi.com/highlights?id=25314 Acquisition of agricultural land - nature of compensation - it was one transaction of acquisition, under which the land, as well as the trees, etc., had been acquired, and splitting the same into two for the purpose of taxation would be against the law. - HC Highlights Income Tax Wed, 14 Oct 2015 15:09:21 +0530 https://www.taxtmi.com/highlights?id=25314