https://www.taxtmi.com/caselaws?id=62886 Capital gains on compulsory acquisition of agricultural land should be computed only on a proper ascertainable cost basis. Where land is settled by allotment of developed leasehold plots and the amount payable includes fair market value, solatium and interest, the tentative compensation award alone cannot be treated as the full cost component if the composite acquisition amount is not finally determined. On that footing, the cost of acquisition was not capable of being fixed on the incomplete basis adopted below, and recomputation was required by reference to the price a comparable allottee would have paid for the plots on the relevant date. en-us Thu, 06 Feb 1992 00:00:00 +0530 Sat, 22 Jan 2011 14:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62886 Capital gains on compulsory acquisition of agricultural land should be computed only on a proper ascertainable cost basis. Where land is settled by allotment of developed leasehold plots and the amount payable includes fair market value, solatium and interest, the tentative compensation award alone cannot be treated as the full cost component if the composite acquisition amount is not finally determined. On that footing, the cost of acquisition was not capable of being fixed on the incomplete basis adopted below, and recomputation was required by reference to the price a comparable allottee would have paid for the plots on the relevant date. Case-Laws Income Tax Thu, 06 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62886