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    <title>1997 (4) TMI 507 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=178166</link>
    <description>Compulsory acquisition of leasehold land requires compensation to reflect both the tenant&#039;s possessory and enjoyment rights and the landlord&#039;s reversionary interest. The High Court&#039;s market-value enhancement was upheld because the land was in a developed area with building potential and the valuation was not shown to suffer from any error of principle. The amended compensation regime was applied, so enhanced solatium and interest on the enhanced compensation were allowed from the date of possession until deposit in court. On apportionment, the tenant&#039;s leasehold interest and the landlord&#039;s residual interest were balanced by dividing compensation 60:40 in favour of the tenant.</description>
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    <pubDate>Tue, 29 Apr 1997 00:00:00 +0530</pubDate>
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      <title>1997 (4) TMI 507 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=178166</link>
      <description>Compulsory acquisition of leasehold land requires compensation to reflect both the tenant&#039;s possessory and enjoyment rights and the landlord&#039;s reversionary interest. The High Court&#039;s market-value enhancement was upheld because the land was in a developed area with building potential and the valuation was not shown to suffer from any error of principle. The amended compensation regime was applied, so enhanced solatium and interest on the enhanced compensation were allowed from the date of possession until deposit in court. On apportionment, the tenant&#039;s leasehold interest and the landlord&#039;s residual interest were balanced by dividing compensation 60:40 in favour of the tenant.</description>
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      <pubDate>Tue, 29 Apr 1997 00:00:00 +0530</pubDate>
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