https://www.taxtmi.com/caselaws?id=757179 Compensation received under an award made under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is exempt from income tax under Section 96, except to the extent the payment falls within Section 46. The analysis also notes that Section 10(37) of the Income-tax Act, 1961 exempts capital gains arising from compulsory acquisition of agricultural land, and that CBDT Circular No. 36 of 2016 clarifies that compensation for compulsory acquisition of agricultural or non-agricultural land is not taxable under Section 96 subject to the statutory exception. en-us Wed, 24 Jul 2024 00:00:00 +0530 Sat, 17 Aug 2024 08:04:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757179 Compensation received under an award made under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is exempt from income tax under Section 96, except to the extent the payment falls within Section 46. The analysis also notes that Section 10(37) of the Income-tax Act, 1961 exempts capital gains arising from compulsory acquisition of agricultural land, and that CBDT Circular No. 36 of 2016 clarifies that compensation for compulsory acquisition of agricultural or non-agricultural land is not taxable under Section 96 subject to the statutory exception. Case-Laws Income Tax Wed, 24 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757179