https://www.taxtmi.com/caselaws?id=798027 Compensation received under an award or agreement made pursuant to the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is exempt from income tax under Section 96. Accordingly, capital gains arising from such acquisition compensation fall outside taxable income under the Income-tax Act, 1961. Disclosure of the gain in the return without claiming the exemption does not prevent recognition of the statutory non-liability, requiring the assessment to be reconsidered on that basis. en-us Mon, 13 Jul 2026 00:00:00 +0530 Tue, 01 Sep 2026 08:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798027 Compensation received under an award or agreement made pursuant to the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is exempt from income tax under Section 96. Accordingly, capital gains arising from such acquisition compensation fall outside taxable income under the Income-tax Act, 1961. Disclosure of the gain in the return without claiming the exemption does not prevent recognition of the statutory non-liability, requiring the assessment to be reconsidered on that basis. Case-Laws Income Tax Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798027