Court Rules Land Compensation u/s 96 of 2013 Act is Tax-Exempt; Rejects Impermissible Interpretation by Respondent.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Taxability of compensation awarded for the acquisition of land, buildings etc - Section 96 of the 2013 Land Acquisition Act - the exemption granted by the Parliament, this Court is of the view, is denied through an impermissible interpretation adopted by the first respondent - not taxable....