https://www.taxtmi.com/caselaws?id=186584 In acquisition of land with building potential, valuation must rest on reliable comparable sales near the notification date, with caution in using small-plot sales for a large tract and with suitable deductions where necessary; later sales are unsafe absent proof of stable prices, so the land valuation was left unchanged. Separate valuation of structures may be made on replacement cost less depreciation when the evidence shows the existing figure is unrealistically low, and the building compensation was enhanced. Tree-growth on such land may also be assessed by timber and salvage value where horticultural yield is not the proper basis, leading to an enhancement of that component. en-us Tue, 16 Feb 1988 00:00:00 +0530 Fri, 23 Sep 2016 12:01:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186584 In acquisition of land with building potential, valuation must rest on reliable comparable sales near the notification date, with caution in using small-plot sales for a large tract and with suitable deductions where necessary; later sales are unsafe absent proof of stable prices, so the land valuation was left unchanged. Separate valuation of structures may be made on replacement cost less depreciation when the evidence shows the existing figure is unrealistically low, and the building compensation was enhanced. Tree-growth on such land may also be assessed by timber and salvage value where horticultural yield is not the proper basis, leading to an enhancement of that component. Case-Laws Indian Laws Tue, 16 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186584