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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Exemption u/s. 10(37) - Interest received u/s 28 in case of ...


Interest on Compulsory Acquisition of Agricultural Land Qualifies for Exemption Under IT Act Section 10(37.

September 25, 2018

Case Laws     Income Tax     AT

Exemption u/s. 10(37) - Interest received u/s 28 in case of compulsory acquisition of agricultural land as nature of interest income or it is a part of enhanced compensation - benefit of exemption allowed.

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