https://www.taxtmi.com/caselaws?id=26769 The article discusses wealth-tax valuation of the right to receive compensation for acquired land, noting that the asset is to be valued at fair market value with regard to surrounding circumstances and the hazard of litigation. It also notes that the cited Supreme Court observations arose in a different context, while the High Court had already quantified the compensation in a reasoned judgment. Because the valuation exercise on the record was not fully completed, the reference court declined to answer the questions and left further adjustment to the Tribunal on the existing and additional material. en-us Tue, 25 Jun 1985 00:00:00 +0530 Mon, 08 Feb 2010 13:28:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26769 The article discusses wealth-tax valuation of the right to receive compensation for acquired land, noting that the asset is to be valued at fair market value with regard to surrounding circumstances and the hazard of litigation. It also notes that the cited Supreme Court observations arose in a different context, while the High Court had already quantified the compensation in a reasoned judgment. Because the valuation exercise on the record was not fully completed, the reference court declined to answer the questions and left further adjustment to the Tribunal on the existing and additional material. Case-Laws Wealth-tax Tue, 25 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26769