2000 (12) TMI 71

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..... the appellant was allowed to receive against the bank guarantee pending disposal of the appeal preferred by the State against the judgment of the High Court enhancing the compensation for the land compulsorily acquired from the assessee, cannot be regarded as part of the taxable income or the wealth of the assessee as the money cannot be said to belong to the assessee until the Supreme Court, if .....

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..... enhancement made thereafter by the court is upheld in any appeal, the appeal having been preferred by the State, it cannot be said that the amount by which the High Court had enhanced the compensation is the amount payable to the assessee. It is only after the Supreme Court upholds the award made by the High Court that it can be said that the amount belongs to the assessee and forms part of his w .....

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