https://www.taxtmi.com/caselaws?id=56863 Capital gains from compulsory acquisition are analysed by linking section 45 to the year of transfer, so later enhancement of compensation does not shift taxability away from that year; only amounts actually awarded can be brought into computation, not mere appellate claims. Damages for severance of the unacquired land are treated as compensation for injury to the remaining property, not as part of the transfer consideration under section 48. For valuation as on 1-1-1954, comparable evidence and local development may justify a figure above the revenue estimate but below the assessee's claim, with the severance element reflected in the overall valuation. en-us Fri, 17 Apr 1987 00:00:00 +0530 Tue, 07 Dec 2010 11:27:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56863 Capital gains from compulsory acquisition are analysed by linking section 45 to the year of transfer, so later enhancement of compensation does not shift taxability away from that year; only amounts actually awarded can be brought into computation, not mere appellate claims. Damages for severance of the unacquired land are treated as compensation for injury to the remaining property, not as part of the transfer consideration under section 48. For valuation as on 1-1-1954, comparable evidence and local development may justify a figure above the revenue estimate but below the assessee's claim, with the severance element reflected in the overall valuation. Case-Laws Income Tax Fri, 17 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56863