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2021 (4) TMI 983 - AT - Income TaxExemption u/s 10(37) - qualify definition of “Compulsory acquisition” - Whether acquisition of impugned agricultural land by Surat Municipal Corporation (SMC) eligible for exemption? - AO has disallowed the claim u/s 10(37) on the ground that the assessee has sold the land voluntarily, and it is not case of compulsory acquisition of land by SMC - HELD THAT- As relying on Satishbhai M Patel [2019 (12) TMI 1291 - ITAT SURAT] the assessee is eligible for exemption under section 10(37) of the Act. Consequently, the AO is directed to allow exemption under section 10(37) of the Act. In view of this, ground of appeal of the assessee is allowed
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