Compensation income of land acquisition u/s 96 of Land Acquisition Act is not taxable under income tax

DCIT Vs Ganga Developers (ITAT Mumbai)

ITAT Mumbai held that compensation received in respect of award/ agreement under Section 96 of Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is not taxable under Income Tax Act, 1961.

Facts-

During assessment proceedings, it was found that assessee has claimed exemption under Section 10(37) of the Income Tax Act of Rs. 69,92,42,974/-. On q

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