https://www.taxtmi.com/caselaws?id=460624 Compensation received for land acquired under the National Highways Act, 1956 was held eligible for exemption under section 96 of the 2013 land acquisition regime where the award was made before 31.12.2014 but payment was made only on 19.05.2015. The Tribunal distinguished earlier Revenue-supported decisions on their facts, noting that those cases involved both award and payment before the relevant cut-off. Applying the later judicial position and the CBDT circular, it accepted that the exemption could extend to acquisitions initiated under the National Highways Act when compensation remained unpaid beyond the cut-off. The addition as long-term capital gains was therefore deleted. en-us Wed, 30 Aug 2023 00:00:00 +0530 Tue, 04 Feb 2025 10:41:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460624 Compensation received for land acquired under the National Highways Act, 1956 was held eligible for exemption under section 96 of the 2013 land acquisition regime where the award was made before 31.12.2014 but payment was made only on 19.05.2015. The Tribunal distinguished earlier Revenue-supported decisions on their facts, noting that those cases involved both award and payment before the relevant cut-off. Applying the later judicial position and the CBDT circular, it accepted that the exemption could extend to acquisitions initiated under the National Highways Act when compensation remained unpaid beyond the cut-off. The addition as long-term capital gains was therefore deleted. Case-Laws Income Tax Wed, 30 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460624