https://www.taxtmi.com/caselaws?id=442039 Section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 exempts income-tax on awards or agreements under that Act, but that exemption does not extend to acquisitions governed by Fourth Schedule enactments such as the National Highways Act, 1956. Section 105(3) preserves only the limited operation of the compensation and rehabilitation schedules and does not import the full section 96 exemption into those cases. Compensation received for acquisition under the National Highways Act was therefore treated as taxable. Section 10(37) of the Income-tax Act was also not available, as it applies only to individual and HUF assessees and is subject to its own conditions. en-us Thu, 17 Aug 2023 00:00:00 +0530 Thu, 07 May 2026 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442039 Section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 exempts income-tax on awards or agreements under that Act, but that exemption does not extend to acquisitions governed by Fourth Schedule enactments such as the National Highways Act, 1956. Section 105(3) preserves only the limited operation of the compensation and rehabilitation schedules and does not import the full section 96 exemption into those cases. Compensation received for acquisition under the National Highways Act was therefore treated as taxable. Section 10(37) of the Income-tax Act was also not available, as it applies only to individual and HUF assessees and is subject to its own conditions. Case-Laws Income Tax Thu, 17 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442039