https://www.taxtmi.com/caselaws?id=761265 Section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 was held to apply only to awards or agreements made under that Act itself, so compensation for land acquired under the Karnataka Highways Act, 1964 did not qualify for income-tax exemption merely because payment was made after the 2013 Act commenced. The relevant acquisition date remained the initial 2012 notification, and later awards or Government orders could not retrospectively bring the matter within section 96. Refund of tax deducted at source did not render the Revenue's appeals infructuous, because refund did not extinguish the pending challenge. 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 Section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 was held to apply only to awards or agreements made under that Act itself, so compensation for land acquired under the Karnataka Highways Act, 1964 did not qualify for income-tax exemption merely because payment was made after the 2013 Act commenced. The relevant acquisition date remained the initial 2012 notification, and later awards or Government orders could not retrospectively bring the matter within section 96. Refund of tax deducted at source did not render the Revenue's appeals infructuous, because refund did not extinguish the pending challenge. Case-Laws Income Tax Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761265