No capital gain accrues until right to receive compensation confirmed in proceedings under Land Acquisition Act

Brief of the Case Delhi High Court held In the case of: CIT vs. Suman Dhamija that in the present case the Assesses is justified in contending that although award has been made and the compensation payable has been enhanced, the amount itself is in dispute, that dispute is pending in the Court. In E.D. Sassoon & Co. v. CIT (1954) 26 ITR 27 (SC) it was held that income cannot be said to accrue or arise to an Assessee unless and until there is created in favour of the Assesses a debt due by somebody. Unless that happens it could not be said that the Assessee had acquired a right to receive ...