Tuesday, May 19, 2020

No Income Tax on Compensation Paid for Govt Acquired Land: Kerala HC [Read Judgment]

The Kerala High Court ruled that, Income Tax cannot be charged on Compensation paid for Acquired land. The petitioner is the absolute owner, titleholder of land to the extent of 7.33 cents with three shop rooms, and a residential building in Ernakulam District. The market value of the land on announcement of Smart City Project, […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3bIBGvz

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