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Tax on compensation of power line

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(Querist)
01 March 2019 My friend is having a agricultural land in Madhya Pradesh, on which there is High tension Line proposed. Government i.e. M.P.Power Transmission company Limited is giving compensation for the high tension power lines over the agri land. Is the compensation taxable or non-taxable under Income Tax Act 1961. Please suggest.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 March 2019 Non taxable ,since compensation is for sterilization of income earning source
(cultivation cannot be done effectively) and not in the ordinary course of agricultural
activities, hence a capital receipt.
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swasti

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swasti (Querist)
04 March 2019 Thank you very much Sir.
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