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Cumpolsory acquisition of land
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No, not taxable to any person who is owner of the land.
THANK YOU.
Section 96 of RFCTLARR Act says that compensation received for compulsory acquisition on agricultural land & non agricultural is exempt & tax cannot be levied (except those made under section 46 of of RFDCTLARR Act).
But Section 46 specifically provides provisions relating to Rehabilitation & resettlement. My question is what about the provision relating to land acquisition?
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