https://www.taxtmi.com/caselaws?id=66407 The right to receive compensation for acquired land must be valued by reference to the realisable net compensation on the relevant valuation date, taking account of delay and litigation uncertainty. Before the Land Acquisition Officer's award, valuation may be based on the finally determinable compensation with suitable discounting; after the award, the award amount forms the base and only the enhanced portion is further discounted. Amounts payable to protected tenants under compromise must be deducted because they reduce the assessee's net entitlement. Solatium is an integral part of compensation and is includible in the asset value, but interest does not crystallise as an asset until actually awarded and is excluded. en-us Fri, 05 Mar 1982 00:00:00 +0530 Thu, 24 Feb 2011 15:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66407 The right to receive compensation for acquired land must be valued by reference to the realisable net compensation on the relevant valuation date, taking account of delay and litigation uncertainty. Before the Land Acquisition Officer's award, valuation may be based on the finally determinable compensation with suitable discounting; after the award, the award amount forms the base and only the enhanced portion is further discounted. Amounts payable to protected tenants under compromise must be deducted because they reduce the assessee's net entitlement. Solatium is an integral part of compensation and is includible in the asset value, but interest does not crystallise as an asset until actually awarded and is excluded. Case-Laws Wealth-tax Fri, 05 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66407