KIADB Land Compensation Exempt from Income Tax Under Section 96 of 2013 Act

Chief Commissioner of Income Tax Vs Smt. P. Jaishree (Karnataka High Court) Karnataka HC: Compensation for KIADB land acquisition exempt u/s 96 of 2013 Act – Land-acquisition compensation exempt from income-tax- Karnataka HC affirms refund to landowner The Revenue preferred this writ appeal under Section 4 of the Karnataka High Court Act challenging the order of the learned Single Judge dated 09-01-2024 in W.P. No. 7660/2023. The respondent-assessee, P. Jaishree, had received compensation upon compulsory acquisition of her land by the Karnataka Industrial Area Development Board (KIADB). The ...