https://www.taxtmi.com/caselaws?id=415395 Compensation received on compulsory acquisition of land under the National Highways acquisition framework was held exempt from income-tax because section 96 of the 2013 land acquisition regime applies to awards and agreements made under that Act, except those under section 46. CBDT Circular No. 36/2016 clarified that the exemption is not limited to agricultural land and extends to non-agricultural land as well. The relevant acquisition scheme under section 105(3) brought the 2013 Act framework into operation for the compensation, so the disallowance of exemption was unsustainable. en-us Tue, 31 Aug 2021 00:00:00 +0530 Fri, 07 Jul 2023 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415395 Compensation received on compulsory acquisition of land under the National Highways acquisition framework was held exempt from income-tax because section 96 of the 2013 land acquisition regime applies to awards and agreements made under that Act, except those under section 46. CBDT Circular No. 36/2016 clarified that the exemption is not limited to agricultural land and extends to non-agricultural land as well. The relevant acquisition scheme under section 105(3) brought the 2013 Act framework into operation for the compensation, so the disallowance of exemption was unsustainable. Case-Laws Income Tax Tue, 31 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415395