Land Acquisition Compensation under National Highways Act Exempt from Income Tax: Chhattisgarh HC

Sanjay Kumar Baid Vs ITO (Chhattisgarh High Court) Issues Involved Whether compensation received for land acquisition under the National Highways Act, 1956 is exempt from income tax under Section 96 of the RFCTLARR Act ? Judgment of the High Court The High Court held that once compensation is determined under the RFCTLARR Act (by virtue of a 2015 Central Government Order making its provisions applicable to acquisitions under enactments in the Fourth Schedule, including the National Highways Act), the exemption from income tax in Section 96 is also attracted. It overruled the lower authoritiesâ...