https://www.taxtmi.com/caselaws?id=27494 Under the West Bengal Estates Acquisition Act, 1953, estimated compensation for acquired agricultural land was not treated as property in the deceased's estate because no legally enforceable right to receive compensation existed on the relevant date. The Court held that such a right arises only when the compensation assessment roll is finally prepared and published; until then, the claim remains an inchoate expectancy. As a result, the estimated compensation was not includible in the principal value of the estate under the Estate Duty Act, 1953, and the issue was decided against the Revenue. en-us Wed, 20 Feb 1985 00:00:00 +0530 Sat, 13 Feb 2010 12:11:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27494 Under the West Bengal Estates Acquisition Act, 1953, estimated compensation for acquired agricultural land was not treated as property in the deceased's estate because no legally enforceable right to receive compensation existed on the relevant date. The Court held that such a right arises only when the compensation assessment roll is finally prepared and published; until then, the claim remains an inchoate expectancy. As a result, the estimated compensation was not includible in the principal value of the estate under the Estate Duty Act, 1953, and the issue was decided against the Revenue. Case-Laws Income Tax Wed, 20 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27494