Addition u/s.56(2)(viii) - interest for delayed payment of ...

Interest on Delayed Land Compensation Exempt from Income Tax per Section 96 of 2013 Act.

February 8, 2021

Case Laws Income Tax AT

Addition u/s.56(2)(viii) - interest for delayed payment of compensation under the Land Acquisition Act - interest received by the assessee towards delayed payment of compensation for compulsory acquisition of land is akin to compensation for compulsory acquisition of land, which is exempt from Income Tax by virtue of Section 96 of RFCTLARR Act 2013. - AT

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Addition u/s.56(2)(viii) - interest for delayed payment of ...

Interest on Delayed Land Compensation Exempt from Income Tax per Section 96 of 2013 Act.

February 8, 2021

Case Laws Income Tax AT

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