https://www.taxtmi.com/caselaws?id=114202 Valuation of acquired land for a housing scheme may require a substantial development deduction when compensation is based on sale deeds for very small plots. The Court held that such small-extents sales cannot be treated as the sole benchmark for a large, undeveloped tract, because the size disparity and the need for development justify reduction in the market value. Applying that principle, the High Court's 40% deduction was found consistent with settled compensation methodology and did not warrant interference. The compensation assessment was therefore upheld. en-us Thu, 27 Jul 1995 00:00:00 +0530 Sat, 12 May 2012 12:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114202 Valuation of acquired land for a housing scheme may require a substantial development deduction when compensation is based on sale deeds for very small plots. The Court held that such small-extents sales cannot be treated as the sole benchmark for a large, undeveloped tract, because the size disparity and the need for development justify reduction in the market value. Applying that principle, the High Court's 40% deduction was found consistent with settled compensation methodology and did not warrant interference. The compensation assessment was therefore upheld. Case-Laws Indian Laws Thu, 27 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114202