Compensation Received For Compulsory Acquisition of Land Is not Taxable as Capital Gains: Gujarat HC [Read Order]

Compensation - Received - Compulsory - Acquisition - Land - not - Taxable - Capital – Gains – Gujarat - HC

The High Court of Gujarat has held that compensation received for the compulsory acquisition of land is not taxable as capital gains. Anilaben Rohitbhai Modi, the petitioner is an individual and citizen of India and was holding a parcel of land with other co-owners bearing Survey Nos.766, 777 and 786 at Village Khoraj, Taluka Sanand….

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