https://www.taxtmi.com/caselaws?id=186588 In land acquisition compensation, bona fide sale transactions of the acquired land or comparable land within a reasonable time were treated as the best evidence of market value, and sales of the same land were preferred over valuations based on other locality acquisitions. The relevant date remained the section 4(1) notification date under the Land Acquisition Act, 1894. For land acquired for a housing scheme, a one-third deduction for development charges was considered appropriate to reflect roads, drainage, parks and related amenities. The revised compensation was fixed on that basis, with solatium and interest continuing on the reduced amount. en-us Fri, 09 Aug 1991 00:00:00 +0530 Fri, 23 Sep 2016 12:25:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186588 In land acquisition compensation, bona fide sale transactions of the acquired land or comparable land within a reasonable time were treated as the best evidence of market value, and sales of the same land were preferred over valuations based on other locality acquisitions. The relevant date remained the section 4(1) notification date under the Land Acquisition Act, 1894. For land acquired for a housing scheme, a one-third deduction for development charges was considered appropriate to reflect roads, drainage, parks and related amenities. The revised compensation was fixed on that basis, with solatium and interest continuing on the reduced amount. Case-Laws Indian Laws Fri, 09 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186588