https://www.taxtmi.com/caselaws?id=28114 Compensation for coal mines could not be finally quantified until the statutory apportionment process under the Coal Mines Nationalisation Act, 1973 was completed by the Commissioner of Claims and the District Court. Because the assessee's terminal loss under section 32(1)(iii) of the Income-tax Act, 1961, or taxable profit under section 41(2) depended on the final amount available after apportionment, the estimated figure accepted by the appellate authority was not conclusive. The Tribunal was therefore justified in leaving the income-tax issue open and remanding the matter to the Income-tax Officer after the District Court's award. en-us Sun, 18 Mar 1984 00:00:00 +0530 Fri, 19 Feb 2010 11:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28114 Compensation for coal mines could not be finally quantified until the statutory apportionment process under the Coal Mines Nationalisation Act, 1973 was completed by the Commissioner of Claims and the District Court. Because the assessee's terminal loss under section 32(1)(iii) of the Income-tax Act, 1961, or taxable profit under section 41(2) depended on the final amount available after apportionment, the estimated figure accepted by the appellate authority was not conclusive. The Tribunal was therefore justified in leaving the income-tax issue open and remanding the matter to the Income-tax Officer after the District Court's award. Case-Laws Income Tax Sun, 18 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28114