https://www.taxtmi.com/caselaws?id=289015 Compensation for termination of lease-hold rights was held to be computed with reference to the reduced rent under the earlier rent-reduction legislation, not the settlement rate, because the settlement fixed Government assessment and not the rent receivable by the appellants. Rule 1(ii) governing compensation for a specified-term right was upheld as consistent with Section 20(2) because it gave effect to both the value of the right and the unexpired term. Cesses were deductible in calculating net annual income. The appellants were also held entitled to interest at 6% per annum on amounts collected by the Government and withheld, and the compensation was to be recalculated accordingly. en-us Tue, 23 Sep 1969 00:00:00 +0530 Thu, 09 Jul 2020 18:25:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289015 Compensation for termination of lease-hold rights was held to be computed with reference to the reduced rent under the earlier rent-reduction legislation, not the settlement rate, because the settlement fixed Government assessment and not the rent receivable by the appellants. Rule 1(ii) governing compensation for a specified-term right was upheld as consistent with Section 20(2) because it gave effect to both the value of the right and the unexpired term. Cesses were deductible in calculating net annual income. The appellants were also held entitled to interest at 6% per annum on amounts collected by the Government and withheld, and the compensation was to be recalculated accordingly. Case-Laws Indian Laws Tue, 23 Sep 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289015