https://www.taxtmi.com/caselaws?id=788805 Compensation received for compulsory acquisition of agricultural land under the National Highways Act was treated as exempt from tax, as the record showed it was acquisition compensation rather than agricultural income wrongly reported in the return. The Tribunal applied section 10(37) of the Income-tax Act and section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, with CBDT Circular No. 36 of 2016, and noted that the benefit of the later land acquisition regime extends to acquisitions under the National Highways Act, 1956. The amount was therefore not taxable as income from other sources, while the statutory interest component had also been treated as exempt in the proceedings below. en-us Thu, 26 Mar 2026 00:00:00 +0530 Sat, 28 Mar 2026 08:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788805 Compensation received for compulsory acquisition of agricultural land under the National Highways Act was treated as exempt from tax, as the record showed it was acquisition compensation rather than agricultural income wrongly reported in the return. The Tribunal applied section 10(37) of the Income-tax Act and section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, with CBDT Circular No. 36 of 2016, and noted that the benefit of the later land acquisition regime extends to acquisitions under the National Highways Act, 1956. The amount was therefore not taxable as income from other sources, while the statutory interest component had also been treated as exempt in the proceedings below. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788805