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of <h1>Central Government Must Pay Compensation Plus 15% for Acquired Property Under This Chapter, With Possible Adjustments</h1> When immovable property is acquired under this Chapter, the Central Government must pay compensation equal to the apparent consideration plus 15% of that amount. If part of the consideration is payable after acquisition, compensation includes 15% of the apparent consideration, amounts payable before acquisition, and those payable after. Compensation may be reduced if the property is damaged before vesting in the government, or increased if improvements are made before official notice publication, as agreed by the competent authority and entitled persons or determined by the court. References regarding adjustments must be made within thirty days of vesting. Any shortfall in compensation compared to the Land Acquisition Act, 1894, is treated as a penalty realized by the government from the transferee, who is exempt from penalties under certain income and wealth tax provisions for amounts paid over the apparent consideration.
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