https://www.taxtmi.com/caselaws?id=28428 A section 4(1) land acquisition notification only expresses an intention to acquire and does not by itself complete acquisition or divest ownership. On the facts accepted, the deceased remained owner of the land at death and had an enforceable right to receive compensation at that time. Because that right existed on the date of death, the later quantification of compensation did not change its character for estate duty purposes, and the compensation was includible in the deceased's estate. The reference was answered in favour of the Revenue on the basis that the asset and its compensatory right formed part of the estate as at death. en-us Tue, 03 May 1983 00:00:00 +0530 Mon, 22 Feb 2010 13:39:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28428 A section 4(1) land acquisition notification only expresses an intention to acquire and does not by itself complete acquisition or divest ownership. On the facts accepted, the deceased remained owner of the land at death and had an enforceable right to receive compensation at that time. Because that right existed on the date of death, the later quantification of compensation did not change its character for estate duty purposes, and the compensation was includible in the deceased's estate. The reference was answered in favour of the Revenue on the basis that the asset and its compensatory right formed part of the estate as at death. Case-Laws Income Tax Tue, 03 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28428