https://www.taxtmi.com/caselaws?id=178659 SC held that compensation for acquired land under the Land Acquisition Act must be determined on legally recognised valuation evidence, such as bona fide comparable sales, expert opinion, or actual or prospective income. A Basic Valuation Register maintained for stamp duty purposes has no statutory foundation as a binding yardstick for market value and cannot replace the settled evidentiary rules for land acquisition compensation. Section 47-A of the Indian Stamp Act, as locally amended, authorises reference to the Collector for valuation of the instrument presented for registration, but does not permit use of an administratively prepared valuation register as the basis for fixing market value of acquired land. The register could not be relied on to enhance compensation. en-us Tue, 25 Jan 1994 00:00:00 +0530 Wed, 10 Feb 2016 12:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178659 SC held that compensation for acquired land under the Land Acquisition Act must be determined on legally recognised valuation evidence, such as bona fide comparable sales, expert opinion, or actual or prospective income. A Basic Valuation Register maintained for stamp duty purposes has no statutory foundation as a binding yardstick for market value and cannot replace the settled evidentiary rules for land acquisition compensation. Section 47-A of the Indian Stamp Act, as locally amended, authorises reference to the Collector for valuation of the instrument presented for registration, but does not permit use of an administratively prepared valuation register as the basis for fixing market value of acquired land. The register could not be relied on to enhance compensation. Case-Laws Indian Laws Tue, 25 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178659