ITAT Chandigarh Judgments — January 2019

The Tribunal held that interest received on compulsory acquisition of land under Section 28 of the Land Acquisition Act is in the nature of compensation and not taxable under Section 56 of the Income Tax Act. The compensation itself was exempt under Section 10(37).

The Tribunal held that interest received on compulsory acquisition of land under Section 28 of the Land Acquisition Act is in the nature of compensation and not taxable under Section 56 of the Income Tax Act. The compensation itself was exempt under Section 10(37).

The Tribunal held that interest received on compulsory acquisition of land under Section 28 of the Land Acquisition Act is in the nature of compensation and not taxable under Section 56 of the Income Tax Act. The compensation itself was exempt under Section 10(37).

The Tribunal held that interest received on compulsory acquisition of land under Section 28 of the Land Acquisition Act is in the nature of compensation and not taxable under Section 56 of the Income Tax Act. The compensation itself was exempt under Section 10(37).