TMI BlogLTCG - land including factory building of the assessee was acquired by the State Govt. and the assessee...LTCG - land including factory building of the assessee was acquired by the State Govt. and the assessee had received compensation including interest - As also settled law that the Income-tax authorities are bound by the guidelines laid down the CBDT Circulars. The position as it stands now with the passage of the RFCTLARR Act, is that all compensations received qua this Act are not taxable. It has been clarified by the CBDT Vide Circular No.36/2016 dated 21.10.2016 that even where there is no se..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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