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No Tax on Compensation received for compulsory acquisition of land by Govt
Case Law Details
- Case Name
- Viswanathan M. Vs CCIT (Kerala High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Kerala High Court
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Viswanathan M. Vs Chief Commissioner (Kerala High Court)
The issue under consideration is whether the exemption will be allowed against compensation paid for acquired land?
The land of the petitioner had been acquired by the government taken for expansion of Road against some consideration. Now, A.O. wants to charge Income Tax on this consideration received by the petitioner.
The language of Section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act (RFCTLARR) Act, 2013, do not leave any doubt in the mind that if the ...
Author Info
The confusion persists to prevail because of lack of coordination and communication between different government departments. This is ultimately burdening courts with repetitive similar cases and wasting their valuable time. The courts must give a serious instructions to government departments regarding the communication of effects of any amendments made and thier impact on one another to avoid such confusions.
Should such compensation received from government on acquisition of agricultural land be disclosed in ITR? If yes, where should it be disclosed?