Assessee has received compensation  under  the Right to Fair Compensation and Transparency in  Land Acquisition Act  , 2003. The said amount was shown as exempt . In the course of assessment proceedings the AO has accepted the same as exempt . PCIT in revision proceedings held that the said compensation is liable to tax as long term capital gains u/s 45(5) of the Act and set aside the assessment order . On appeal the Tribunal referred the CBDT Circular No 36 of 2015  dt . 25 -10- 2016 and  held that   compulsory acquisition  is not chargeable to capital gains . Revision order was quashed . ( ITA No. 131 /VIZ/ 2021 dt . 16 -3 -2022 ) ( AY. 2016 -17)