https://www.taxtmi.com/caselaws?id=395432 Compensation received for land acquired under an award or agreement under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 was treated as exempt from income-tax under Section 96 of that Act. Circular No. 36/2016 dated 25.08.2016 was relied on to confirm that such exempt compensation is not taxable under the Income-tax Act, 1961 even if no separate exemption appears in that Act. On that basis, the contrary assessment and demand were unsustainable and were quashed. en-us Tue, 18 Feb 2020 00:00:00 +0530 Thu, 21 May 2020 11:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395432 Compensation received for land acquired under an award or agreement under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 was treated as exempt from income-tax under Section 96 of that Act. Circular No. 36/2016 dated 25.08.2016 was relied on to confirm that such exempt compensation is not taxable under the Income-tax Act, 1961 even if no separate exemption appears in that Act. On that basis, the contrary assessment and demand were unsustainable and were quashed. Case-Laws Income Tax Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395432