https://www.taxtmi.com/caselaws?id=766279 Agricultural receipts claimed as income were not finally accepted because the ownership and use of the lands, and the Forms J standing in the director's name, required fresh verification; the issue was remanded to the Assessing Officer for further enquiry. Compensation for compulsory acquisition of land by NHAI was held exempt from income-tax under section 96 of the RFCTLARR Act, 2013, read with the amended section 105(3), and the addition was deleted. The Tribunal also relied on CBDT Circular No. 36 of 2016, which confirms that such acquisition compensation is not taxable under the Income-tax Act, 1961. en-us Wed, 19 Feb 2025 00:00:00 +0530 Fri, 21 Feb 2025 08:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766279 Agricultural receipts claimed as income were not finally accepted because the ownership and use of the lands, and the Forms J standing in the director's name, required fresh verification; the issue was remanded to the Assessing Officer for further enquiry. Compensation for compulsory acquisition of land by NHAI was held exempt from income-tax under section 96 of the RFCTLARR Act, 2013, read with the amended section 105(3), and the addition was deleted. The Tribunal also relied on CBDT Circular No. 36 of 2016, which confirms that such acquisition compensation is not taxable under the Income-tax Act, 1961. Case-Laws Income Tax Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766279