pension being calculated on the basis of 1/4th of the net revenue collections of the Jagir. The question was, therefore, whether the amount received ... arrangement or a compromise between the parties and contestants but of a compulsory acquisition of the estates under the West Bengal Estates Acquisition
context of article 301 , therefore, compensatory
tax is a compulsory contribution levied broadly in
proportion to the special benefits derived to defray ... special advantage to trade, commerce and
intercourse. It may incidentally bring in net revenue to
the Government but that circumstance is not an essential
ingredient
come acrosss any such finding in the order of the Tribunal. The net effect would be, therefore, that the assessee-company ceassed to be competent ... strenuous effort to impress upon us that though as a result of compulsory winding up order made by the High Court, the main banking business
liable to be reduced from the sale consideration. As such the net amount of compensation payable to the claimants shall ... prefer to grant higher compensation to the claimants as it is a compulsory acquisition of the lands of the claimants and such other attendant circumstances
same was Rs. 2,10,000. Thus, out of the net consideration of Rs. 3,62,240, the assessee utilised ... relinquishment of asset or the extinguishment of any rights therein, or the compulsory acquisition thereof under any law. The benefit of exemption under section
asset or the extinguishment of any rights therein or the compulsory acquisition there of under any law". In the case before the Gujarat High ... worked out by taking the proportionate value of his share in the net partnership assets after deduction of liabilities and prior charges. It also included
each of the enactments, Explanation 2 provides, that:-
"In determining the net value of the increase, regard shall also be had to the condition ... other book giving it, would be helpful. Aggarwala in his commentaries on Compulsory Acquisition of Land, 1950 Edition at page 259, has worked
financial position of these companies. They have considered the book value, the net intrinsic value and the market value of the shares ... draw is that the mere circumstance that the sale or exchange is compulsory is one which ought not to influence the court. It has been
petitioner. In the aforesaid cases, after
taking into account the compulsory deductions from the salary, the
remaining income was divided equally by the court between ... three dependants and the respondent
himself. As a result, the net monthly salary of the respondent for the
relevant years, would be liable
proper method of valuation to be adopted in a case of compulsory acquisition relating to a house and ground situated in a municipality and fetching ... assess the value on the basis of capitalisation of the net annual income. The number of years purchase to be adopted in capitalisation
