TMI BlogExemption from the Income Tax of the compensation received on acquisition of land - In the instant case...Exemption from the Income Tax of the compensation received on acquisition of land - In the instant case the assessee received compensation for compulsory acquisition of commercial land during the F.Y. 2014-15 which was exempted under section 96 of the RFCTLARR Act, as clarified by the CBDT Circular No. 36/2016 dt. 25/10/2016. - Benefit of exemption allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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