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Compensation Paid for release of Lease Hold Rights created by Ancestors is Deductible from Capital Gain: ITAT Hyderabad
In Maniza Jumabhoi v. ACIT, the ITAT, Hyderabad held that the payments in the nature of Compensation made by assessee for release of lease hold rights...
![Compensation received under Compulsory Land Acquisition is not Capital Gain even if the same was negotiated among the parties: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Compensation received under Compulsory Land Acquisition is not Capital Gain even if the same was negotiated among the parties: SC [Read Judgment]")
![Compensation paid to Buyers of Flats is Deductible as Business Expenditure of the Developer: ITAT Pune [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/ITAT-Ahmedabad.jpg "Compensation paid to Buyers of Flats is Deductible as Business Expenditure of the Developer: ITAT Pune [Read Order]")
![Compensation received for Compulsory Land Acquisition not subject to Income Tax: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/06/Income-Tax.jpg "Compensation received for Compulsory Land Acquisition not subject to Income Tax: CBDT [Read Circular]")