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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Taxability of sum received as interest on enhanced compensation ...


Interest on Enhanced Compensation u/s 28 of Land Acquisition Act Exempt from Taxation for Agricultural Land Acquisition.

September 7, 2018

Case Laws     Income Tax     AT

Taxability of sum received as interest on enhanced compensation - interest awarded u/s. 28 of the Land Acquisition Act, 1894 - enhanced compensation received on acquisition of agricultural lands - benefit of exemption allowed.

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