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2006 (2) TMI 111 - HC - Wealth-taxAdditional compensation awarded by the civil court had not been accepted by the State Government and it had preferred an appeal - The right to receive the additional amount awarded by the court as part of the compensation was only an inchoate right during the pendency of the matter before higher judicial forums. In such circumstances, the disputed compensation has to be assessed only when it is finally determined by the higher courts. The Tribunal had rightly held that the additional compensation could not be assessed during the year in question and can be assessed only at a time when the final higher court decides the issue. - wealth-tax assessment had been framed on the basis of the corresponding income-tax assessments. Hence, when the income itself is not accruing or arising, the question of levying wealth-tax also does not arise, as it is only consequential in nature
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