Baldev Singh v. ITO (2019) 176 ITD 1 (Delhi)(Trib.)

S. 10(37) : Capital gains-Agricultural land-Acquired by Government-Enhanced compensation including interest received would be eligible for exemption. [S. 45, Land Acquisition Act, 1894, S.28]

Allowing the appeal of the assesse the Tribunal held that, where the Agricultural land is acquired by Government, enhanced compensation including interest received by the assessee is exempt from the tax. Accordingly TDS amount that was deducted on account of enhanced compensation was to be refunded. (AY. 2011-12)