https://www.taxtmi.com/caselaws?id=420423 Compensation received for compulsory acquisition of land was treated as exempt from income tax where the award fell within section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. The CBDT circular stated that compensation covered by that provision is not taxable under the Income-tax Act, 1961, and that no distinction is drawn between agricultural and non-agricultural land. Following an earlier order on identical facts, the addition made by the Assessing Officer and sustained by the Commissioner (Appeals) was held unjustified. en-us Thu, 10 Mar 2022 00:00:00 +0530 Sat, 02 Apr 2022 08:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420423 Compensation received for compulsory acquisition of land was treated as exempt from income tax where the award fell within section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. The CBDT circular stated that compensation covered by that provision is not taxable under the Income-tax Act, 1961, and that no distinction is drawn between agricultural and non-agricultural land. Following an earlier order on identical facts, the addition made by the Assessing Officer and sustained by the Commissioner (Appeals) was held unjustified. Case-Laws Income Tax Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420423