https://www.taxtmi.com/caselaws?id=779610 Compensation received on compulsory acquisition of land was treated as exempt because the land's character at the time of acquisition was held to be decisive. Mere non-cultivation for a prolonged period was insufficient to deny its agricultural nature, so the receipt in lieu of such land was not taxable. The separate argument based on the CBDT circular was not examined further because the matter was resolved on the principal issue in favour of the assessee. en-us Wed, 22 Jan 2025 00:00:00 +0530 Thu, 09 Oct 2025 08:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779610 Compensation received on compulsory acquisition of land was treated as exempt because the land's character at the time of acquisition was held to be decisive. Mere non-cultivation for a prolonged period was insufficient to deny its agricultural nature, so the receipt in lieu of such land was not taxable. The separate argument based on the CBDT circular was not examined further because the matter was resolved on the principal issue in favour of the assessee. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779610