Land acquired by National Hi-speed Rail Corp. under an agreement is a compulsory acquisition; exempt

Land acquired by National Hi-speed Rail Corp. under an agreement is a compulsory acquisition; exempt

June 11, 2022
Income-tax: The exemption under Section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 shall apply to the land acquired by National Hi-Speed Rail Corporation Ltd. under an agreement. Section 96 unequivocally provides that no tax shall be levied on any award or agreement made under the Act.

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