https://www.taxtmi.com/caselaws?id=179898 Land acquisition compensation must be assessed by comparing genuinely comparable sale instances and by valuing the acquired land as on the date of the section 4(1) notification, on the willing buyer-willing seller basis. A large tract cannot be valued by treating all portions alike where frontage, road access and proximity to developed habitation differ; rear land lacking those advantages is not comparable to potential building land. Small-plot transactions, remote prior acquisitions and stale purchase prices are poor guides if market conditions differ. Interference in appellate compensation matters is justified only where a settled valuation principle is misapplied or a material factor is ignored. On these principles, the High Court's approach was upheld in principle, but compensation was reduced to the extent it exceeded the claimed rate. en-us Mon, 23 Aug 1976 00:00:00 +0530 Fri, 11 Mar 2016 16:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179898 Land acquisition compensation must be assessed by comparing genuinely comparable sale instances and by valuing the acquired land as on the date of the section 4(1) notification, on the willing buyer-willing seller basis. A large tract cannot be valued by treating all portions alike where frontage, road access and proximity to developed habitation differ; rear land lacking those advantages is not comparable to potential building land. Small-plot transactions, remote prior acquisitions and stale purchase prices are poor guides if market conditions differ. Interference in appellate compensation matters is justified only where a settled valuation principle is misapplied or a material factor is ignored. On these principles, the High Court's approach was upheld in principle, but compensation was reduced to the extent it exceeded the claimed rate. Case-Laws Indian Laws Mon, 23 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179898