https://www.taxtmi.com/caselaws?id=168650 A pending and unacquiesced claim for enhanced land acquisition compensation was treated as a single surviving right to receive compensation at market value on the date of acquisition, and that right remained property chargeable to estate duty on the date of death. Its value had to be estimated by reference to the relevant date and litigation risk, not by treating a later civil court enhancement as the property itself. Notices under section 59(a) and section 61 of the Estate Duty Act, 1953, were unsustainable because they proceeded on the premise that the acquired land still formed part of the estate and that later enhancement disclosed an apparent mistake; that was a change of opinion, not rectification. en-us Tue, 04 Dec 1979 00:00:00 +0530 Thu, 19 Mar 2015 15:27:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168650 A pending and unacquiesced claim for enhanced land acquisition compensation was treated as a single surviving right to receive compensation at market value on the date of acquisition, and that right remained property chargeable to estate duty on the date of death. Its value had to be estimated by reference to the relevant date and litigation risk, not by treating a later civil court enhancement as the property itself. Notices under section 59(a) and section 61 of the Estate Duty Act, 1953, were unsustainable because they proceeded on the premise that the acquired land still formed part of the estate and that later enhancement disclosed an apparent mistake; that was a change of opinion, not rectification. Case-Laws Income Tax Tue, 04 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168650