Income Tax Benefit for Compulsory Acquisition of Land can’t be denied merely because sale price was fixed through a Negotiated Settlement: ITAT [Read Order]

The Cochin bench of the Income Tax Appellate Tribunal (ITAT) has held that the department cannot deny the benefit of Section 10(37) of the Income Tax Act on compulsory acquisition of land merely for the reason that the sale price was fixed through a negotiated settlement. The assessee’s property was notified by the Government of […]

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