National Highways Act Land Compensation: Why NHAI Awards Are Exempt from Income Tax

Raipur Realty Pvt. Ltd. Vs ITO (ITAT Raipur) Compensation under National Highways Act exempt – RFCTLARR shield extends to NHAI acquisitions- Uniform relief to land-losers—ITAT Raipur declares NHAI award non-taxable under s. 96 This appeal was a remand matter from the Chhattisgarh High Court (TAXC No. 228/2024 dated 05-05-2025), directing ITAT Raipur to decide on merits whether ₹ 65,04,107 received b  Assessee as compensation for land acquired by NHAI under the National Highways Act, 1956 is taxable. Assessee, engaged in real-estate business, had declared NIL income for A.Y. 2017-18....