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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Exemption 10(37) - acquisition of the urban agricultural land as ...


Exemption 10(37) Classifies Negotiated Settlement for Urban Agricultural Land as Compulsory Acquisition.

October 16, 2018

Case Laws     Income Tax     AT

Exemption 10(37) - acquisition of the urban agricultural land as a compulsory acquisition - - merely because the sale price was fixed through a negotiated settlement, the character of acquisition would still remain compulsory.

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