https://www.taxtmi.com/caselaws?id=761265 Karnataka HC held that land-losers whose lands were acquired under statutes other than the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 are not entitled to income tax exemption under Section 96 of the 2013 Act. The court noted discriminatory treatment between land-losers under different acquisition statutes, with those under the 2013 Act receiving higher compensation and tax exemption benefits. The court urged the Central Government to address this disparity while allowing the appeals and dismissing the writ petitions seeking tax relief. en-us Tue, 29 Oct 2024 00:00:00 +0530 Wed, 06 Nov 2024 20:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761265 Karnataka HC held that land-losers whose lands were acquired under statutes other than the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 are not entitled to income tax exemption under Section 96 of the 2013 Act. The court noted discriminatory treatment between land-losers under different acquisition statutes, with those under the 2013 Act receiving higher compensation and tax exemption benefits. The court urged the Central Government to address this disparity while allowing the appeals and dismissing the writ petitions seeking tax relief. Case-Laws Income Tax Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761265