https://www.taxtmi.com/caselaws?id=22290 Enhanced compensation claimed in land acquisition proceedings was treated as not accruing as a realisable asset for wealth-tax until finally determined, because a pending appeal leaves the claim uncertain on the valuation date. However, where a later final judgment materially alters the compensation position, the assessment must be recomputed to reflect that adjudication. The Wealth-tax Officer was therefore required to give effect to the subsequent High Court judgment and amend the relevant assessments; the appellate direction to that effect was upheld. en-us Tue, 26 Jun 1990 00:00:00 +0530 Tue, 08 Dec 2009 16:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22290 Enhanced compensation claimed in land acquisition proceedings was treated as not accruing as a realisable asset for wealth-tax until finally determined, because a pending appeal leaves the claim uncertain on the valuation date. However, where a later final judgment materially alters the compensation position, the assessment must be recomputed to reflect that adjudication. The Wealth-tax Officer was therefore required to give effect to the subsequent High Court judgment and amend the relevant assessments; the appellate direction to that effect was upheld. Case-Laws Wealth-tax Tue, 26 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22290