https://www.taxtmi.com/caselaws?id=312931 For land acquired under the Karnataka Industrial Areas Development Act, 1966, where the acquisition notification was issued after 01.01.2014, compensation had to be determined under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 rather than the Land Acquisition Act, 1894. The availability of a reference remedy for enhancement did not bar writ scrutiny because the challenge concerned the statutory regime applied to fix compensation. Compensation payable under the 2013 Act for such post-2014 acquisitions was held exempt from income tax and tax deduction at source, rendering the tax demand unsustainable. The impugned awards and related endorsements were quashed and fresh awards directed. en-us Thu, 21 Apr 2022 00:00:00 +0530 Fri, 15 Mar 2024 06:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312931 For land acquired under the Karnataka Industrial Areas Development Act, 1966, where the acquisition notification was issued after 01.01.2014, compensation had to be determined under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 rather than the Land Acquisition Act, 1894. The availability of a reference remedy for enhancement did not bar writ scrutiny because the challenge concerned the statutory regime applied to fix compensation. Compensation payable under the 2013 Act for such post-2014 acquisitions was held exempt from income tax and tax deduction at source, rendering the tax demand unsustainable. The impugned awards and related endorsements were quashed and fresh awards directed. Case-Laws Indian Laws Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312931