https://www.taxtmi.com/caselaws?id=445385 Compensation received on compulsory acquisition of rural agricultural land under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is exempt from income-tax under section 96 of that Act. The Tribunal noted that the exemption is not confined to section 10(37) of the Income-tax Act, 1961 and, according to the CBDT circular, applies to awards and agreements covered by the 2013 Act except those falling under section 46. Because section 46 concerns private purchase through negotiation and did not apply to compulsory acquisition by the Government, the compensation was held not taxable and the addition was deleted. en-us Thu, 06 Jul 2023 00:00:00 +0530 Mon, 06 Nov 2023 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445385 Compensation received on compulsory acquisition of rural agricultural land under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is exempt from income-tax under section 96 of that Act. The Tribunal noted that the exemption is not confined to section 10(37) of the Income-tax Act, 1961 and, according to the CBDT circular, applies to awards and agreements covered by the 2013 Act except those falling under section 46. Because section 46 concerns private purchase through negotiation and did not apply to compulsory acquisition by the Government, the compensation was held not taxable and the addition was deleted. Case-Laws Income Tax Thu, 06 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445385