https://www.taxtmi.com/caselaws?id=284490 Enhanced compensation for acquisition of agricultural land remained exempt under section 10(37) because the acquisition proceedings had been initiated under the Land Acquisition Act and the later negotiation affected only the compensation quantum. Execution of a sale deed after the acquisition process had begun did not alter the character of the acquisition, which had culminated in award and possession. The land was agricultural in nature and remained under cultivation until acquisition, so the compensation received was not taxable as income and was excluded from total income. en-us Tue, 04 Jul 2017 00:00:00 +0530 Thu, 21 Nov 2019 12:52:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284490 Enhanced compensation for acquisition of agricultural land remained exempt under section 10(37) because the acquisition proceedings had been initiated under the Land Acquisition Act and the later negotiation affected only the compensation quantum. Execution of a sale deed after the acquisition process had begun did not alter the character of the acquisition, which had culminated in award and possession. The land was agricultural in nature and remained under cultivation until acquisition, so the compensation received was not taxable as income and was excluded from total income. Case-Laws Income Tax Tue, 04 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284490