https://www.taxtmi.com/caselaws?id=35720 Compensation for injurious affection awarded under the fourth head of section 23(1) of the Land Acquisition Act, 1894 is treated as part of the compensation for the acquired land and is includible in the full value of consideration for capital gains purposes. The depreciation in value of the remaining, unacquired land is not a loss arising from transfer or extinguishment of that retained asset, so it cannot be claimed as a capital loss. The statutory scheme of compulsory acquisition treats all section 23(1) heads as components of the consideration for the transferred property, and the composite capital asset analogy was held inapplicable on these facts. en-us Wed, 14 Oct 1981 00:00:00 +0530 Tue, 16 Mar 2010 12:45:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35720 Compensation for injurious affection awarded under the fourth head of section 23(1) of the Land Acquisition Act, 1894 is treated as part of the compensation for the acquired land and is includible in the full value of consideration for capital gains purposes. The depreciation in value of the remaining, unacquired land is not a loss arising from transfer or extinguishment of that retained asset, so it cannot be claimed as a capital loss. The statutory scheme of compulsory acquisition treats all section 23(1) heads as components of the consideration for the transferred property, and the composite capital asset analogy was held inapplicable on these facts. Case-Laws Income Tax Wed, 14 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35720