https://www.taxtmi.com/caselaws?id=186587 Compensation for acquired land was found inadequate where the land lay in a developing town, nearby plots had fetched higher prices, unchallenged municipal evidence supported the sale value, and the surrounding area showed commercial and building development. The Court accepted that a deduction could be made for the undeveloped character of the area, but held that the rate fixed below did not reflect the land's true market value or development potential. Compensation was therefore enhanced from Rs. 2 per sq. yard to Rs. 10 per sq. yard, with proportionate increase in interest and solatium. en-us Thu, 12 Mar 1981 00:00:00 +0530 Fri, 23 Sep 2016 12:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186587 Compensation for acquired land was found inadequate where the land lay in a developing town, nearby plots had fetched higher prices, unchallenged municipal evidence supported the sale value, and the surrounding area showed commercial and building development. The Court accepted that a deduction could be made for the undeveloped character of the area, but held that the rate fixed below did not reflect the land's true market value or development potential. Compensation was therefore enhanced from Rs. 2 per sq. yard to Rs. 10 per sq. yard, with proportionate increase in interest and solatium. Case-Laws Indian Laws Thu, 12 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186587