https://www.taxtmi.com/caselaws?id=381909 Compulsory acquisition of agricultural land under the Land Acquisition Act remained within section 10(37) despite compensation being fixed through a negotiated settlement, because the statutory acquisition process had been followed and the land's agricultural character was not disputed. The Tribunal applied the principle that agreement on compensation does not convert a compulsory acquisition into a voluntary sale. On those facts, the exemption from long-term capital gains under section 10(37) was allowable, subject to the statutory conditions being satisfied. en-us Thu, 06 Jun 2019 00:00:00 +0530 Wed, 28 Aug 2019 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381909 Compulsory acquisition of agricultural land under the Land Acquisition Act remained within section 10(37) despite compensation being fixed through a negotiated settlement, because the statutory acquisition process had been followed and the land's agricultural character was not disputed. The Tribunal applied the principle that agreement on compensation does not convert a compulsory acquisition into a voluntary sale. On those facts, the exemption from long-term capital gains under section 10(37) was allowable, subject to the statutory conditions being satisfied. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381909