https://www.taxtmi.com/caselaws?id=186586 Comparable sales of smaller plots may be used to assess market value in land acquisition, but deduction for development is warranted only when the acquired land needs further work to become fit for building use. Where the land is already level, has road access, lies in a developed area, and can be used immediately as house sites, prices of small developed plots may be adopted without deduction. Applying that principle, the text states that the High Court was not justified in deducting one-third for development, and the compensation fixed by the Subordinate Judge was restored in favour of the landowners. en-us Wed, 18 Sep 1991 00:00:00 +0530 Fri, 23 Sep 2016 12:13:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186586 Comparable sales of smaller plots may be used to assess market value in land acquisition, but deduction for development is warranted only when the acquired land needs further work to become fit for building use. Where the land is already level, has road access, lies in a developed area, and can be used immediately as house sites, prices of small developed plots may be adopted without deduction. Applying that principle, the text states that the High Court was not justified in deducting one-third for development, and the compensation fixed by the Subordinate Judge was restored in favour of the landowners. Case-Laws Indian Laws Wed, 18 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186586