https://www.taxtmi.com/caselaws?id=27499 In compulsory land acquisition, the right to receive compensation is a single composite right to market value on the relevant valuation date, not separate rights for original and additional compensation. The Land Acquisition Officer's award is only an offer and is not conclusive for wealth-tax valuation. Where the award is challenged or accepted under protest, the assessing authority must value the right by reference to the valuation date and consider the hazards of litigation, including the possibility of enhancement. Later civil court enhancement does not by itself create a separate taxable right, but valuation cannot be confined mechanically to the initial award or treated as nil merely because enhancement is pending. en-us Tue, 30 Aug 1983 00:00:00 +0530 Sat, 13 Feb 2010 12:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27499 In compulsory land acquisition, the right to receive compensation is a single composite right to market value on the relevant valuation date, not separate rights for original and additional compensation. The Land Acquisition Officer's award is only an offer and is not conclusive for wealth-tax valuation. Where the award is challenged or accepted under protest, the assessing authority must value the right by reference to the valuation date and consider the hazards of litigation, including the possibility of enhancement. Later civil court enhancement does not by itself create a separate taxable right, but valuation cannot be confined mechanically to the initial award or treated as nil merely because enhancement is pending. Case-Laws Wealth-tax Tue, 30 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27499