https://www.taxtmi.com/caselaws?id=471137 Compulsory-acquisition compensation awarded or agreed under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 receives income-tax immunity under section 96, even without a separate exemption provision in the Income-tax Act, 1961. An exemption claim omitted from the original return may be considered where it is placed before the assessing authorities through a revised computation. The Dispute Resolution Panel's co-terminous powers include considering issues beyond objections and issuing binding directions. Taxable income is consequently recomputed after excluding qualifying compulsory-acquisition compensation. en-us Wed, 02 Apr 2025 00:00:00 +0530 Fri, 21 Aug 2026 20:33:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471137 Compulsory-acquisition compensation awarded or agreed under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 receives income-tax immunity under section 96, even without a separate exemption provision in the Income-tax Act, 1961. An exemption claim omitted from the original return may be considered where it is placed before the assessing authorities through a revised computation. The Dispute Resolution Panel's co-terminous powers include considering issues beyond objections and issuing binding directions. Taxable income is consequently recomputed after excluding qualifying compulsory-acquisition compensation. Case-Laws Income Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471137