https://www.taxtmi.com/caselaws?id=178173 Apportionment of acquisition compensation depends on the real nature of the interests held by the owner and lessee, and the existing 7:1 division was upheld because the lessee had only a limited leasehold interest while the owner retained the substantial proprietary interest. Market value must be fixed by reliable comparable sales and the development potential of the acquired urban land; on that basis, the valuation was enhanced to Rs. 105 per square yard, with statutory solatium and interest on the enhanced amount. No separate compensation was awarded for loss of goodwill because the record did not establish a compensable loss under that head. en-us Mon, 03 Mar 1986 00:00:00 +0530 Fri, 29 Jan 2016 13:26:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178173 Apportionment of acquisition compensation depends on the real nature of the interests held by the owner and lessee, and the existing 7:1 division was upheld because the lessee had only a limited leasehold interest while the owner retained the substantial proprietary interest. Market value must be fixed by reliable comparable sales and the development potential of the acquired urban land; on that basis, the valuation was enhanced to Rs. 105 per square yard, with statutory solatium and interest on the enhanced amount. No separate compensation was awarded for loss of goodwill because the record did not establish a compensable loss under that head. Case-Laws Indian Laws Mon, 03 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178173