https://www.taxtmi.com/caselaws?id=187022 For large land acquisitions, sale instances of small plots are not a safe guide unless they are proximate in time to the notification, bona fide, relate to the acquired or adjoining land, and possess similar advantages. Even then, deductions and other adjustments may be required, and market value must reflect what a willing purchaser would pay a willing vendor on the Section 4(1) notification date under the Land Acquisition Act, 1894. The Court approved comparable-sales valuation with necessary deductions and a plotted-area basis, and found no material to justify a substantial further increase on the record, though the appellants received limited enhancement on reassessment. en-us Fri, 28 Feb 2003 00:00:00 +0530 Thu, 06 Oct 2016 17:11:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187022 For large land acquisitions, sale instances of small plots are not a safe guide unless they are proximate in time to the notification, bona fide, relate to the acquired or adjoining land, and possess similar advantages. Even then, deductions and other adjustments may be required, and market value must reflect what a willing purchaser would pay a willing vendor on the Section 4(1) notification date under the Land Acquisition Act, 1894. The Court approved comparable-sales valuation with necessary deductions and a plotted-area basis, and found no material to justify a substantial further increase on the record, though the appellants received limited enhancement on reassessment. Case-Laws Indian Laws Fri, 28 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187022