Compensation received from electricity transmission company for installation of High tension line
This query is : Resolved
14 May 2025
Is compensation received from electricity transmission company for installation of High tension lines in an agriculture land taxable? According to me it should be a capital receipt and not taxable. Your views with any specific judgement will be highly appreciated.
14 May 2025
In general, compensation received for the installation of a high-tension line on agricultural land is considered agricultural income and is exempt from income tax.
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14 May 2025
Thank you sir. I also found one not exect but a similar case law. Shri Ishwarbhai Desai Vs The Income Tax Officer, Ward-3(1), Surat (ITA No. 544/AHD/2010).
14 May 2025
You are welcome...
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