https://www.taxtmi.com/caselaws?id=431979 The Court upheld the Tribunal's decision, confirming the appellant's eligibility for exemption under Section 10(37) of the Income Tax Act. It emphasized that the land, used for agricultural activities and acquired through compulsory acquisition for a public purpose, fulfilled all conditions for exemption. The Court dismissed the appeal, stating that no substantial question of law arose for consideration, clarifying the interpretation of Section 10(37) and the requirements for claiming exemptions on land transfers. en-us Tue, 20 Dec 2022 00:00:00 +0530 Sat, 24 Dec 2022 11:09:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431979 The Court upheld the Tribunal's decision, confirming the appellant's eligibility for exemption under Section 10(37) of the Income Tax Act. It emphasized that the land, used for agricultural activities and acquired through compulsory acquisition for a public purpose, fulfilled all conditions for exemption. The Court dismissed the appeal, stating that no substantial question of law arose for consideration, clarifying the interpretation of Section 10(37) and the requirements for claiming exemptions on land transfers. Case-Laws Income Tax Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431979