Land acquired by the government? ITAT says interest on enhanced compensation may be exempt from tax
The ITAT Rajkot has ruled that interest awarded on enhanced compensation for compulsory acquisition of agricultural land can qualify for tax exemption.
The ruling could matter for landowners who receive enhanced compensation and interest after their agricultural land is acquired.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.livemint.com — the content belongs to LiveMint - Money.
