Yesterday’s Supreme Court decision - today in TIOL
Income Tax – Compensation for land acquisition – enhanced compensation (including interest) taxable in the year of receipt, even if receipt is on security – Supreme Court
The Supreme Court delivered a landmark judgement on the taxability of additional compensation received for additional compensation for land acquisition. The Supreme Court has settled the Law on the issue, though the matter is under dispute for more than a decade and a half.
We, in TIOL are proud to bring you this judgement today - with our detailed analysis – this judgement was delivered yesterday!