https://www.taxtmi.com/caselaws?id=415641 Section 194LA applies to compensation paid under negotiated settlements reached after initiation of land acquisition proceedings, because the later agreement affects only the quantum of compensation and does not change the compulsory character of the acquisition. Once acquisition proceedings have begun, the landowner parts with the property under statutory compulsion, so the transaction is not treated as a voluntary sale. The earlier view that a consented settlement converted such payment into a non-compulsory transaction is no longer good law. Tax deduction at source therefore remains mandatory on the compensation paid. en-us Thu, 08 Jul 2021 00:00:00 +0530 Fri, 10 Dec 2021 08:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415641 Section 194LA applies to compensation paid under negotiated settlements reached after initiation of land acquisition proceedings, because the later agreement affects only the quantum of compensation and does not change the compulsory character of the acquisition. Once acquisition proceedings have begun, the landowner parts with the property under statutory compulsion, so the transaction is not treated as a voluntary sale. The earlier view that a consented settlement converted such payment into a non-compulsory transaction is no longer good law. Tax deduction at source therefore remains mandatory on the compensation paid. Case-Laws Income Tax Thu, 08 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415641