https://www.taxtmi.com/caselaws?id=65928 A contingent right to receive enhanced land-acquisition compensation must be valued on a discounted present-value basis because the amount remains uncertain until final determination and may be affected by appeal. Interest awarded by the civil court has no marketable value before actual award for earlier valuation dates, and only a reduced portion of any later interest may be included. For the acquired land, valuation on the relevant dates must reflect the depressing effect of the acquisition notification and the discounted enhanced compensation, rather than the assessee's returned figures alone. The valuation was accordingly to be recomputed on a higher composite basis. en-us Sat, 27 Mar 1982 00:00:00 +0530 Sat, 19 Feb 2011 13:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65928 A contingent right to receive enhanced land-acquisition compensation must be valued on a discounted present-value basis because the amount remains uncertain until final determination and may be affected by appeal. Interest awarded by the civil court has no marketable value before actual award for earlier valuation dates, and only a reduced portion of any later interest may be included. For the acquired land, valuation on the relevant dates must reflect the depressing effect of the acquisition notification and the discounted enhanced compensation, rather than the assessee's returned figures alone. The valuation was accordingly to be recomputed on a higher composite basis. Case-Laws Income Tax Sat, 27 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65928