https://www.taxtmi.com/caselaws?id=36900 For wealth-tax valuation of compensation receivable on compulsory acquisition, the relevant amount is the compensation finally and legally enforceable on the valuation date. Where the Civil and Sessions Judge had enhanced the award before the return was filed, that later adjudication superseded the Land Acquisition Officer's earlier determination and the original award merged into it. The acquired asset was therefore to be valued at the enhanced compensation, not the amount first fixed by the Land Acquisition Officer. en-us Wed, 05 Mar 1980 00:00:00 +0530 Thu, 25 Mar 2010 12:29:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36900 For wealth-tax valuation of compensation receivable on compulsory acquisition, the relevant amount is the compensation finally and legally enforceable on the valuation date. Where the Civil and Sessions Judge had enhanced the award before the return was filed, that later adjudication superseded the Land Acquisition Officer's earlier determination and the original award merged into it. The acquired asset was therefore to be valued at the enhanced compensation, not the amount first fixed by the Land Acquisition Officer. Case-Laws Wealth-tax Wed, 05 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36900