Compensation Paid Acquisition of Property for Bullet Train Project is Non Taxable: Bombay HC

The Bombay High Court has ruled that income tax cannot be deducted from compensation for property acquired by the National Hi-Speed Rail Corporation Ltd (NHSRCL) for the Mumbai-Ahmedabad bullet train project. On Thursday, a Division bench of Justices S V Gangapurwala and M G Sewlikar issued an order on a petition filed by Seema Patil,

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