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2016 (8) TMI 1185 - HC - Income TaxExemption provided from levying income tax and stamp duty - lands lost in the acquisition under the provisions of the Land Acquisition Act, 1894 - Held that:- We find that the judgment of the learned Single Judge is just and proper in as much as Section 96 of the Act, 2013 clearly discloses that no income tax or stamp duty shall be levied on any award or agreement made under this Act, except under Section 46. It is not in dispute that Section 46 of the Act, 2013 is not applicable to the facts of this case. Hence, it is amply clear that as per Section 96 of the Act, 2013, exemption is provided from levying income tax and stamp duty. In an identical case, a Division Bench of this Court in K. Sreekumar Versus The District Collector Thiruvananthapuram[2016 (1) TMI 1275 - KERALA HIGH COURT] has already concluded that income tax is not liable to be deducted from the compensation payable to similarly placed persons.
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