https://www.taxtmi.com/caselaws?id=16662 Solatium received on compulsory acquisition of land was held to form part of the consideration for transfer of the capital asset, because it is an additional amount linked to the land's market value and compensation under compulsory acquisition. It was therefore includible in the computation of capital gains under the Income-tax Act, 1961. The claimed deduction of an assumed historical value of solatium as on 1 January 1954 or 1 January 1964 was rejected, because solatium is not a separate asset with an independent cost of acquisition and no deduction is permissible under section 48 on that basis. en-us Mon, 22 Sep 1997 00:00:00 +0530 Wed, 09 Sep 2009 12:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16662 Solatium received on compulsory acquisition of land was held to form part of the consideration for transfer of the capital asset, because it is an additional amount linked to the land's market value and compensation under compulsory acquisition. It was therefore includible in the computation of capital gains under the Income-tax Act, 1961. The claimed deduction of an assumed historical value of solatium as on 1 January 1954 or 1 January 1964 was rejected, because solatium is not a separate asset with an independent cost of acquisition and no deduction is permissible under section 48 on that basis. Case-Laws Income Tax Mon, 22 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16662