https://www.taxtmi.com/caselaws?id=20083 Compulsory acquisition is a transfer of a capital asset for capital gains purposes, and section 45 read with section 48 of the Income-tax Act requires computation on the full value of consideration received or accruing from that transfer. On that footing, solatium paid for the compulsory nature of acquisition forms part of the compensation actually received and is not excluded merely because it is not market value. The solatium was therefore includible in the consideration for capital gains computation, and the issue was answered in favour of the Revenue. en-us Wed, 16 Jun 1993 00:00:00 +0530 Wed, 11 Nov 2009 15:59:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20083 Compulsory acquisition is a transfer of a capital asset for capital gains purposes, and section 45 read with section 48 of the Income-tax Act requires computation on the full value of consideration received or accruing from that transfer. On that footing, solatium paid for the compulsory nature of acquisition forms part of the compensation actually received and is not excluded merely because it is not market value. The solatium was therefore includible in the consideration for capital gains computation, and the issue was answered in favour of the Revenue. Case-Laws Income Tax Wed, 16 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20083