https://www.taxtmi.com/caselaws?id=67382 For wealth-tax purposes, the asset was the right to receive compensation for acquired land, and its value had to be estimated on the relevant valuation date with regard to the existing award and litigation risk. A pending claim for enhanced compensation before the Supreme Court did not itself become the asset's value, so the higher claimed amount was not includible. The High Court-determined compensation was the proper basis of valuation, and the additions made by the Wealth Tax Officer were deleted. en-us Thu, 13 Feb 1986 00:00:00 +0530 Thu, 10 Mar 2011 12:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67382 For wealth-tax purposes, the asset was the right to receive compensation for acquired land, and its value had to be estimated on the relevant valuation date with regard to the existing award and litigation risk. A pending claim for enhanced compensation before the Supreme Court did not itself become the asset's value, so the higher claimed amount was not includible. The High Court-determined compensation was the proper basis of valuation, and the additions made by the Wealth Tax Officer were deleted. Case-Laws Wealth-tax Thu, 13 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67382