https://www.taxtmi.com/caselaws?id=178163 In compulsory acquisition, the expression "person interested" extends beyond legal title to include a transferee in possession under an agreement to lease and a sub-lessee claiming under him, where possession and rights are protected by part performance and remain unfrustrated on the relevant date. Those possessory and equitable interests are compensable and entitled to apportionment. Where the competing interests cannot be valued with precision, compensation may be divided by a practical and equitable rough apportionment that reflects the comparative value of the extinguished rights. An artificial capitalisation and reversion approach was rejected as unrealistic, and the trees were treated as a separate component for allocation. en-us Wed, 05 Feb 1958 00:00:00 +0530 Fri, 29 Jan 2016 12:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178163 In compulsory acquisition, the expression "person interested" extends beyond legal title to include a transferee in possession under an agreement to lease and a sub-lessee claiming under him, where possession and rights are protected by part performance and remain unfrustrated on the relevant date. Those possessory and equitable interests are compensable and entitled to apportionment. Where the competing interests cannot be valued with precision, compensation may be divided by a practical and equitable rough apportionment that reflects the comparative value of the extinguished rights. An artificial capitalisation and reversion approach was rejected as unrealistic, and the trees were treated as a separate component for allocation. Case-Laws Indian Laws Wed, 05 Feb 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178163