Supreme Court · 2017 INSC 1253 · Decided 11 January 2017
Balakrishnan v. Union of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 1253 · [2017] 1 S.C.R. 519
- Case number
- CIVIL APPEAL No. 344/2017
- Decided
- 11 January 2017
- Bench
- A.K. SIKRI, R.K. AGRAWAL (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Land Acquisition Act Section 9, 4(1); Income Tax Act Section 10(37), 148
Headnote
BALAKRISHNAN v. UNION OF INDIA & .ORS. (Civil Appeal No. 344 of2017) JANUARY 11, 2017 [A. K. SIKRI AND R. K. AGRAWAL, JJ.) Income Tax Act, 1961 - ss. 10(37) and 148 - Capital gains tax - Exemption ji-0111 - Agricultural land of landlord-appellant acquired under Land Acquisition Act - rate and arrived at amicable settlement - After entering into agreement with the beneficiary, landlord executed sale-deed in favour of the beneficiary - Revenue initiated proceedings uls. 148 - Direction was issued to the Assessing Officer to assess the income of assessee by not granting
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