https://www.taxtmi.com/caselaws?id=27798 Under the Land Acquisition Act, 1894, capital gains on acquired land were treated as arising when the award was made and legal vesting followed, not merely when possession was physically handed over. The scheme of the Act contemplates possession ordinarily after the award under section 11, while section 17(1) is a limited urgency exception permitting earlier vesting. Earlier delivery of possession by itself does not transfer property or amount to legal vesting in the Government. On that basis, the taxable event was linked to the award and vesting, and the capital gains were chargeable in the relevant assessment years, with the answer against the assessee. en-us Tue, 30 Aug 1983 00:00:00 +0530 Tue, 16 Feb 2010 11:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27798 Under the Land Acquisition Act, 1894, capital gains on acquired land were treated as arising when the award was made and legal vesting followed, not merely when possession was physically handed over. The scheme of the Act contemplates possession ordinarily after the award under section 11, while section 17(1) is a limited urgency exception permitting earlier vesting. Earlier delivery of possession by itself does not transfer property or amount to legal vesting in the Government. On that basis, the taxable event was linked to the award and vesting, and the capital gains were chargeable in the relevant assessment years, with the answer against the assessee. Case-Laws Income Tax Tue, 30 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27798