https://www.taxtmi.com/caselaws?id=368886 The Tribunal ruled in favor of the assessee, holding that the land acquired by the Government of Kerala and sold to Vizhinjam International Seaport qualified for the benefit under section 10(37) of the Income-tax Act. Despite the negotiated sale agreement, the Tribunal considered the acquisition process as compulsory, citing precedent. As a result, the Tribunal dismissed the Revenue's appeal and the Cross Objection, affirming the assessee's entitlement to the section 10(37) benefit for the assessment year 2012-2013. en-us Wed, 10 Oct 2018 00:00:00 +0530 Tue, 16 Oct 2018 09:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368886 The Tribunal ruled in favor of the assessee, holding that the land acquired by the Government of Kerala and sold to Vizhinjam International Seaport qualified for the benefit under section 10(37) of the Income-tax Act. Despite the negotiated sale agreement, the Tribunal considered the acquisition process as compulsory, citing precedent. As a result, the Tribunal dismissed the Revenue's appeal and the Cross Objection, affirming the assessee's entitlement to the section 10(37) benefit for the assessment year 2012-2013. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368886