Compulsory Acquisition of Urban Agricultural Land eligible for Tax Exemption: ITAT [Read Order]

The Cochin bench of the Income Tax Appellate Tribunal (ITAT) has held that the compulsory acquisition of the urban agricultural land is eligible for tax exemption under Section 10(37) of the Income Tax Act, 1961. The assessee along with her husband, was in possession of 47.54 Ares of land in Vizhinjam village which was subsequently […]

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