Income tax on compensation for diminution in land value

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Farmer received compensation(one time payment) as diminution in land value from power grid corporation of India Limited for placing of transmission line/tower (permanently fixed to the earth) on there agriculture land.

piece of land are not required for acquisition by company and the ownership remains with the farmer.

Is these compensation is taxable under income tax ?? if yes then under which section.
 

Replies (1)
if it is related to agriculture then tax free if not then taxable

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