9911796707
TMI Blog2009 (1) TMI 930X X X X Extracts X X X X X X X X Extracts X X X X ..... RI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES), SRI.JOSE JOSEPH, SC, FOR INCOME TAX For the Respondent : SRI.K.ANAND (A.201), SMT.LATHA KRISHNAN, SRI.V.RAMACHANDRAN ORDER Koshy, Ag.C.J.: The writ petitioner is a Society established under the Travancore Cochin Societies Registration Act, 1955 set up with the object of development of Information Technology Parks. Suitable lands were identified in Ernakul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le. If the market value fixed is not acceptable, the parties can go to the court for reference. On negotiation large extent of lands involved in the Section 4 notification was sold and sale deeds were executed and those lands were excluded from the provisions of the Land Acquisition Act. Government withdrew from the Land Acquisition under Section 48 by effacement of the notification issued under S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t is applicable only when lands are compulsorily acquired by the Government. Even though, here the acquisition procedures were initiated, lands were sold to the Government by negotiating settlement. Under Section 194LA of the Income Tax Act, deduction of an amount equal to ten per cent of compensation is required only when lands are compulsorily acquired but deduction of tax is not necessary when ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rtment to demand from them. Here the lands were sold by executing sale deeds and therefore Section 194LA is not applicable. 3. All the contentions raised by the appellants were considered meticulously by the learned Single Judge and the appellants had no contention that any of the points were left out by the learned Single Judge. We fully agree with the views taken by the learned Single Judge and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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