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    <title>1997 (4) TMI 497 - Supreme Court</title>
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    <description>Land acquisition compensation was enhanced where the acquired lands lay near developed areas and had immediate building potential. Certified sale deeds were excluded because the vendor or vendee was not examined, so reliable direct market evidence was lacking. In that situation, the Court used a final comparable acquisition award as the valuation base, applied reasonable price escalation for the time gap, and held that the belting method was unsuitable for well-defined developed blocks. The enhanced compensation carried the usual statutory additions, including solatium, interest and the additional amount.</description>
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    <pubDate>Wed, 30 Apr 1997 00:00:00 +0530</pubDate>
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      <title>1997 (4) TMI 497 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=169791</link>
      <description>Land acquisition compensation was enhanced where the acquired lands lay near developed areas and had immediate building potential. Certified sale deeds were excluded because the vendor or vendee was not examined, so reliable direct market evidence was lacking. In that situation, the Court used a final comparable acquisition award as the valuation base, applied reasonable price escalation for the time gap, and held that the belting method was unsuitable for well-defined developed blocks. The enhanced compensation carried the usual statutory additions, including solatium, interest and the additional amount.</description>
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      <pubDate>Wed, 30 Apr 1997 00:00:00 +0530</pubDate>
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