Tuesday, December 4, 2018

Interest awarded under Land Acquisition Act forms part of compensation; not liable to tax

IT: Interest awarded on enhanced compensation paid by Government for acquisition of agricultural land of assessee under section 28 of Acquisition Act would partake of character of compensation and would be eligible for exemption under section 10(37)

from www.taxmann.com Latest Case Laws https://ift.tt/2zFHXI2
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