https://www.taxtmi.com/caselaws?id=61369 The Appellate Tribunal ITAT Chandigarh addressed cross-appeals by the assessee and the Revenue regarding the valuation of compensation received for acquired lands over several years. The case involved the inclusion of enhanced compensation in the net wealth for assessment years, considering hazards of litigation and interest rates. The Tribunal upheld the AAC's assessment, acknowledging the potential growth of compensation due to interest rates and hazards of litigation. It proposed a reduction in the value adopted by the WTO for each assessment year to account for these factors. The Revenue's appeals were dismissed, while the assessee's appeals were partly allowed. en-us Wed, 21 May 1986 00:00:00 +0530 Wed, 12 Jan 2011 13:24:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61369 The Appellate Tribunal ITAT Chandigarh addressed cross-appeals by the assessee and the Revenue regarding the valuation of compensation received for acquired lands over several years. The case involved the inclusion of enhanced compensation in the net wealth for assessment years, considering hazards of litigation and interest rates. The Tribunal upheld the AAC's assessment, acknowledging the potential growth of compensation due to interest rates and hazards of litigation. It proposed a reduction in the value adopted by the WTO for each assessment year to account for these factors. The Revenue's appeals were dismissed, while the assessee's appeals were partly allowed. Case-Laws Wealth-tax Wed, 21 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61369