The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that no income tax is payable on the amount received as enhanced compensation for the compulsory acquisition of the agricultural land under Land Acquisition Act. The bench was hearing an appeal filed against the order of the first appellate authority wherein the authority held that […]
The post Interest on Enhanced Compensation received for Compulsory Acquisition of Agricultural Land not Taxable: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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