Income from Compensation of Land Acquisition u/s 96 RFCTLARR Act not taxable under Income Tax Act: ITAT [Read Order]

By Taxscan Team - On November 25, 2022 11:25 am - 2 mins read

Income - compensation - Compensation of Land Acquisition - Land Acquisition - RFCTLARR Act - Income Tax Income Tax Act - ITAT - TAXSCAN

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that Income from compensation of land acquisition under Section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (RFCTLARR)Act, 2013 not taxable under the Income Tax Act, 1961 The assessee, M/s Ganga Developers is a company engaged in…

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