https://www.taxtmi.com/forum/issue?id=115812 Whether compensation for compulsory acquisition of land constitutes capital gain is disputed: the assessing officer treated the payment as taxable capital gains because the acquisition occurred under a state statute and payment under its provision, rejecting the exemption claimed by the assessee; commentators and advisors recorded the view that such compulsory acquisition compensation does not amount to capital gain and is not chargeable as such. en-us Thu, 26 Dec 2019 22:40:08 +0530 Thu, 23 Jan 2025 15:54:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115812 Whether compensation for compulsory acquisition of land constitutes capital gain is disputed: the assessing officer treated the payment as taxable capital gains because the acquisition occurred under a state statute and payment under its provision, rejecting the exemption claimed by the assessee; commentators and advisors recorded the view that such compulsory acquisition compensation does not amount to capital gain and is not chargeable as such. Discussion-Forum Income Tax Thu, 26 Dec 2019 22:40:08 +0530 https://www.taxtmi.com/forum/issue?id=115812