https://www.taxtmi.com/highlights?id=77444 Nature of land sold - Gain earned on sale of land/acquisition - the Tribunal held that since the land was rural agricultural land compulsorily acquired by the government, the capital gains earned from its sale were exempt under Section 10(37) of the Act. Therefore, the addition made by the Assessing Officer was not sustainable. en-us Wed, 15 May 2024 14:29:00 +0530 Wed, 15 May 2024 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77444 Nature of land sold - Gain earned on sale of land/acquisition - the Tribunal held that since the land was rural agricultural land compulsorily acquired by the government, the capital gains earned from its sale were exempt under Section 10(37) of the Act. Therefore, the addition made by the Assessing Officer was not sustainable. Highlights Income Tax Wed, 15 May 2024 14:29:00 +0530 https://www.taxtmi.com/highlights?id=77444