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Capital gain tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2017 Whether solatium received on compulsory acquisition of land is taxable? Please provide supreme court or high court judgement details in this matter.
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
24 July 2017 Yes Solatium received on compulsory acquisition is taxable, you can refer Judgement of Delhi High Court in case of CIT V/s Sharda Kochhar

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