Union Of India vs M/S.Infopark Kerala on 5 April, 2017
In this context, the learned AR
submitted that the issue is squarely covered in favour of the
assessee by the judgment of the Hon'ble Apex Court in the
case of Balakrishnan v. Union of India (supra) and Union of
India v. Infopark Kerala [81 Taxmann.com 51 (SC)]. It was
contended that the Hon'ble Apex Court in above cases had
clearly held that since the entire procedure fixed under Land
Acquisition Act was followed, the character of acquisition from
that of compulsory acquisition to voluntary sale would not
change though the price was fixed on negotiated settlement.