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    <title>1980 (1) TMI 202 - Supreme Court</title>
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    <description>Land acquisition valuation is determined with reference to the Section 4 notification date, using genuine comparable sales from the locality and surrounding circumstances. The text notes that contemporaneous sale deeds and evidence of rising land prices may support a higher market value than an earlier lower valuation, and that acceptance of a nominal rate for other land does not control the present acquisition. On that basis, the acquired land is treated as entitled to enhanced compensation, with solatium and interest following the higher valuation.</description>
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      <title>1980 (1) TMI 202 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=178169</link>
      <description>Land acquisition valuation is determined with reference to the Section 4 notification date, using genuine comparable sales from the locality and surrounding circumstances. The text notes that contemporaneous sale deeds and evidence of rising land prices may support a higher market value than an earlier lower valuation, and that acceptance of a nominal rate for other land does not control the present acquisition. On that basis, the acquired land is treated as entitled to enhanced compensation, with solatium and interest following the higher valuation.</description>
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