Tribunal held that neither the Assessing Officer nor the Commissioner (Appeals) had given any finding that the assessee had not received interest under section 28 of the Land Acquisition Act, 1894 . On agricultural land no tax was payable when the compensation or enhanced compensation was received by the assessee. The compensation was received in respect of agricultural land belonging to the assessee which had been acquired by the State Government.( AY.2014-15)
Sumesh Kumar v. ITO (2020)79 ITR 2 (SN) ( Delhi) (Trib)
S. 10(37) : Capital gains – Agricultural land – With in specified urban limits – Enhanced compensation – Entitle to exemption [ Land Acquisition Act, 1894, S.28 ]