https://www.taxtmi.com/caselaws?id=14323 Enhanced compensation for compulsorily acquired land does not form part of taxable wealth while the State's challenge to the enhancement remains pending. The enhancement is not finally vested in the recipient until a superior court affirms it, so a disputed amount cannot be treated as a taxable asset merely because it was provisionally allowed against security. The stated principle is that compensation must attain finality and become finally payable before it can be brought into income-tax or wealth-tax computation; on that basis, the issue was resolved in favour of the assessee. en-us Mon, 04 Dec 2000 00:00:00 +0530 Wed, 15 Jul 2009 12:16:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14323 Enhanced compensation for compulsorily acquired land does not form part of taxable wealth while the State's challenge to the enhancement remains pending. The enhancement is not finally vested in the recipient until a superior court affirms it, so a disputed amount cannot be treated as a taxable asset merely because it was provisionally allowed against security. The stated principle is that compensation must attain finality and become finally payable before it can be brought into income-tax or wealth-tax computation; on that basis, the issue was resolved in favour of the assessee. Case-Laws Wealth-tax Mon, 04 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14323