https://www.taxtmi.com/caselaws?id=434610 Compulsory acquisition of land transfers title by operation of law rather than through a negotiated sale, so section 50C cannot deem stamp-duty value as capital-gains consideration where stamp valuation is inapplicable. Compensation under the land-acquisition regime, read with the statutory exemption framework and CBDT Circular No. 36/2016, is therefore not subject to section 50C. The alleged coal shortage was also unsupported because the relevant quantity was recorded in the financial statements, notes to accounts and board resolution; deletion of that addition was justified. The revenue's appeal failed, leaving the appellate relief undisturbed. en-us Fri, 24 Feb 2023 00:00:00 +0530 Mon, 26 Jun 2023 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434610 Compulsory acquisition of land transfers title by operation of law rather than through a negotiated sale, so section 50C cannot deem stamp-duty value as capital-gains consideration where stamp valuation is inapplicable. Compensation under the land-acquisition regime, read with the statutory exemption framework and CBDT Circular No. 36/2016, is therefore not subject to section 50C. The alleged coal shortage was also unsupported because the relevant quantity was recorded in the financial statements, notes to accounts and board resolution; deletion of that addition was justified. The revenue's appeal failed, leaving the appellate relief undisturbed. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434610