https://www.taxtmi.com/caselaws?id=408563 Compensation for compulsory land acquisition was held taxable as long-term capital gain because the acquisition had been completed under the National Highways Act, 1956, not under the RFCTLARR Act, 2013. Section 96 of the RFCTLARR Act, 2013 was treated as inapplicable where the acquisition did not fall within that Act, and no section 105 notification extended its exemption to National Highways Act acquisitions. The land was also not established as agricultural land for section 10(37) of the Income-tax Act, 1961, and taxability was determined by accrual under sections 4 and 5 of that Act. Exemption was therefore rejected. en-us Mon, 14 Jun 2021 00:00:00 +0530 Thu, 07 May 2026 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408563 Compensation for compulsory land acquisition was held taxable as long-term capital gain because the acquisition had been completed under the National Highways Act, 1956, not under the RFCTLARR Act, 2013. Section 96 of the RFCTLARR Act, 2013 was treated as inapplicable where the acquisition did not fall within that Act, and no section 105 notification extended its exemption to National Highways Act acquisitions. The land was also not established as agricultural land for section 10(37) of the Income-tax Act, 1961, and taxability was determined by accrual under sections 4 and 5 of that Act. Exemption was therefore rejected. Case-Laws Income Tax Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408563