02 August 2020
A non blood related party (40yr tenancy) had illegally occupied 19 acres of land. Court Case went on for almost 16 years..now both parties want to compromise in Which the legal owner is parting of 9 acres of land to the other party through court registered compromise decree and selling the remaining 10 acres through sale deed
What's is the taxablility of land given through compromise decree (owner not getting any money)
CAclubindia
