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TMI Blog2017 (4) TMI 668X X X X Extracts X X X X X X X X Extracts X X X X ..... he land acquired - Held that:- This Court in the case of Balakrishnan v. Union of India & Ors. [2017 (3) TMI 745 - SUPREME COURT OF INDIA] has held that even if the amount of compensation is paid on agreed terms it would not change the character of the acquisition from that of compulsory acquisition to the voluntary sale and the exemption provided under the Income Tax Act would be available and su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yment of compensation on agreed terms in respect of the land acquired would be entitled for exemption under Section 10 (37) of the Income Tax Act, 1961 or not. This Court in the case of Balakrishnan v. Union of India & Ors. - 2017 (2) SCALE 1 has held that even if the amount of compensation is paid on agreed terms it would not change the character of the acquisition from that of compulsory acquis ..... X X X X Extracts X X X X X X X X Extracts X X X X
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