LTCG on compulsory acquisition | Taxability Event & applicability of RFCTLARR Act 2013

Jagdish Arora Vs ITO (ITAT Agra) Long Term Capital Gain on  compulsory acquisition –  Taxability Event –   and applicability of RFCTLARR Act 2013 –  Whether the compensation received  on account of Compulsory Acquisition by Government  is   exempt  under provision of Section 96 of RFCTLRR Act 2013 – if the  land acquired prior to applicability of RFCTLARR Act but compensation received after  applicability of RFCTLARR. CBDT issued circular  dated 25.10.16 vide circular no.36/2016 (File no 225/18/88/2016-ITA/2) where in CBDT ha clarified that the Compensations re...