https://www.taxtmi.com/caselaws?id=773336 Compensation received on compulsory acquisition under the NHAI Act, 1956 was analysed against section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. The Tribunal noted that section 105, read with the CBDT clarification and the Removal of Difficulties Order, limits the beneficial scheme for Fourth Schedule enactments and does not create a blanket income-tax exemption for such acquisitions; the section 96 claim was therefore rejected. The alternative exemption under section 10(37) of the Income-tax Act also failed because its conditions are confined to an individual or HUF and require qualifying agricultural land, which was not established. en-us Thu, 26 Dec 2024 00:00:00 +0530 Sat, 21 Jun 2025 08:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773336 Compensation received on compulsory acquisition under the NHAI Act, 1956 was analysed against section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. The Tribunal noted that section 105, read with the CBDT clarification and the Removal of Difficulties Order, limits the beneficial scheme for Fourth Schedule enactments and does not create a blanket income-tax exemption for such acquisitions; the section 96 claim was therefore rejected. The alternative exemption under section 10(37) of the Income-tax Act also failed because its conditions are confined to an individual or HUF and require qualifying agricultural land, which was not established. Case-Laws Income Tax Thu, 26 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773336