Held that the compensation received out of compulsory acquisition of land under the National Highways Act was exempt from Income-tax by virtue of section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 and clarificatory Circular No. 36 of 2016, dated October 25, 2016.(2016) 388 ITR 48 (St)) Addition is deleted. (AY.2016-17)
Surinder Kumar v. ITO (2024)116 ITR 529/ [2025] 172 taxmann.com 13 (Amritsar)(Trib)
S. 45 : Capital gains-Compulsory acquisition of land by National Highways Authority of India-Compensation-Entitle to exemption. [S. 4] Right to fair compensation and transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013,S.96 S. Circular No. 36 Of 2016, Dated 25-10-2016 (2016) 388 ITR 48 (St)