https://www.taxtmi.com/caselaws?id=430707 Annuity received by a landowner under the rehabilitation and resettlement framework linked to compulsory acquisition is treated as part of the statutory land acquisition award. The 2013 land acquisition law recognises rehabilitation and resettlement entitlements, including annuity, within the compensation scheme, and section 96 bars income tax on any award or agreement under that Act. The CBDT circular states that compensation exempt under this provision is not taxable under the Income-tax Act even without a separate exemption there. On that basis, the annuity is treated as a non-taxable monetary benefit flowing from the award rather than a separate taxable receipt. en-us Wed, 23 Nov 2022 00:00:00 +0530 Fri, 25 Nov 2022 11:23:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430707 Annuity received by a landowner under the rehabilitation and resettlement framework linked to compulsory acquisition is treated as part of the statutory land acquisition award. The 2013 land acquisition law recognises rehabilitation and resettlement entitlements, including annuity, within the compensation scheme, and section 96 bars income tax on any award or agreement under that Act. The CBDT circular states that compensation exempt under this provision is not taxable under the Income-tax Act even without a separate exemption there. On that basis, the annuity is treated as a non-taxable monetary benefit flowing from the award rather than a separate taxable receipt. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430707