https://www.taxtmi.com/caselaws?id=29545 Compensation arising from compulsory acquisition is a single and indivisible right to receive market value on the date of acquisition, and later judicial quantification does not create a separate right to extra compensation. However, for income-tax purposes, enhanced compensation accrues only when the civil court award makes the amount enforceable and payable; it does not accrue in the previous year of the original compensation award merely because it relates to the same acquisition transaction. The timing issue was therefore resolved in favour of the assessee, while the single-right principle was affirmed against the assessee. en-us Thu, 16 Apr 1981 00:00:00 +0530 Sat, 13 Mar 2010 16:29:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29545 Compensation arising from compulsory acquisition is a single and indivisible right to receive market value on the date of acquisition, and later judicial quantification does not create a separate right to extra compensation. However, for income-tax purposes, enhanced compensation accrues only when the civil court award makes the amount enforceable and payable; it does not accrue in the previous year of the original compensation award merely because it relates to the same acquisition transaction. The timing issue was therefore resolved in favour of the assessee, while the single-right principle was affirmed against the assessee. Case-Laws Income Tax Thu, 16 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29545