Case Law Details
Case Name : Madaparambil Varkey Varghese Vs ACIT (Kerala High Court)
Related Assessment Year : 2016-17
Courts :
All High Courts Kerala High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Madaparambil Varkey Varghese Vs ACIT (Kerala High Court)
Section 96 mandates that no income-tax shall be levied on any award made under the Act except under Section 46. Section 46 deals with the purchase of land by a person other than a specified person through private negotiations. The benefit of Section 96 is not available when a land is purchased through private negotiations by a person other than a specified person under Section 46(1).
Therefore, in cases other than those covered by Section 46 of the 2013 Land Acquisition Act, the levy of income-tax is barred by Section 96 and as a consequ...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Is interest received on compulsory acquisition of land Under Sec 96???