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Compulsory Acquisition

Section 50C of Income Tax Act Cannot be Applied on Compulsory Acquisition of a Capital Asset: Calcutta HC [Read Order]

Yogitha S. Yogesh

The Calcutta High Court has held that Section 50C of the Income Tax Act, 1961 cannot be applied to the compulsory acquisition of a capital...

Enhanced Compensation with Interest for Compulsory Acquisition of Agricultural Land Exempted u/s...

Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax...

No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]

No Income Tax on Compensation / Enhanced Compensation Received on Compulsory Acquisition of...

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...

No TDS on Enhanced Compensation for Compulsory Acquisition of Agricultural Land: ITAT allows Refund [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that no TDS can be levied on the enhanced compensation for the compulsory acquisition of the agricultural land. The...

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

The Income Tax Appellate Tribunal ( ITAT ), Cochin bench has held that the compulsory acquisition of urban land is eligible for tax deduction under the Income Tax Act, 1961. The Assessing Officer...

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...

Tax Benefit available to Compulsory Acquisition of Urban Agricultural Land: ITAT [Read Order]

The Cochin bench of the Income Tax Appellate Tribunal (ITAT) in Income Tax Officer versus Smt.Girijakumari M held that tax benefit under Section 10 (37) of the Income Tax Act are available to...

Interest on Enhanced Compensation received for Compulsory Acquisition of Agricultural Land not Taxable: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that no income tax is payable on the amount received as enhanced compensation for the compulsory acquisition of the agricultural land...

Receipt from Compulsory Acquisition of Agricultural Land is not Taxable: ITAT [Read Order]

While hearing the case of Ketan Moolchand Shah, Raipur bench of Income Tax Appellate Tribunal (ITAT) proclaimed in its recent order that capital gain arising out of sale of agricultural land under...