1995 (12) TMI 46

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....owing question under section 256(2) of the Income-tax Act, 1961, for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Tribunal's decision is vitiated in law in ignoring the material on record and upholding the share of compensation at Rs. 91,466 only even though the assessee had claimed the whole of the amount of compensation of Rs. 1,44,665 awarded ....

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....d standing counsel submits that the Appellate Tribunal was wrong in confirming the inclusion of Rs. 91,466 only as the wealth of the assessee. On page 32 of this authority, the Supreme Court observed as under : " In the case of the right to receive compensation, which is property, where the Collector's award has been made but has not been accepted or has been accepted under protest and a refere....