https://www.taxtmi.com/caselaws?id=179901 Compensation for acquired land must be fixed on market value as of the notification date, using legally relevant evidence and bona fide comparable sales within a reasonable time. Unsupported averaging, selective reliance on sale instances, and extraneous factors such as the acquiring body's purpose or land suitability are not proper valuation criteria. On the facts, the finding that the building pre-dated the preliminary notification was left undisturbed, the valuation of the low-lying land was upheld because the need for filling and conversion was duly reflected, and the compensation for the remaining land was reduced after correcting the valuation method. en-us Fri, 07 Nov 1958 00:00:00 +0530 Fri, 11 Mar 2016 16:31:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179901 Compensation for acquired land must be fixed on market value as of the notification date, using legally relevant evidence and bona fide comparable sales within a reasonable time. Unsupported averaging, selective reliance on sale instances, and extraneous factors such as the acquiring body's purpose or land suitability are not proper valuation criteria. On the facts, the finding that the building pre-dated the preliminary notification was left undisturbed, the valuation of the low-lying land was upheld because the need for filling and conversion was duly reflected, and the compensation for the remaining land was reduced after correcting the valuation method. Case-Laws Indian Laws Fri, 07 Nov 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179901