Case Law Details
Case Name : Manjeet Singh Vs ITO (ITAT Dehradun)
Appeal Number : ITA No. 1391/Del/2017
Date of Judgement/Order : 25/01/2023
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Dehradun
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Manjeet Singh Vs ITO (ITAT Dehradun)
ITAT Dehradun held that the interest is accretion to the value of compensation and hence it is a part of compensation. Accordingly, interest received for compulsory acquisition of agricultural land is exempted under section 10(37) of the Income Tax Act.Please become a Premium member. If you are already a Premium member, login here to access the full content.
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is interest on compensation for acquisition of agriculture land by government taxable or not…?