https://www.taxtmi.com/caselaws?id=187024 For urban land acquired as a block with development potential, a nearby sale deed of a smaller parcel could be used as a market-value guide where no comparable large sale was available, subject to reasonable deductions for size and development differences. Internal classification of the acquired land into multiple categories was not justified where the land formed one block with urban site potential. Proper deductions were required for roads, drains, layout formation, waiting period, blocked capital and lump-sum payment, so the compensation was revised downward while statutory benefits were maintained. en-us Mon, 19 Jan 1998 00:00:00 +0530 Thu, 06 Oct 2016 18:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187024 For urban land acquired as a block with development potential, a nearby sale deed of a smaller parcel could be used as a market-value guide where no comparable large sale was available, subject to reasonable deductions for size and development differences. Internal classification of the acquired land into multiple categories was not justified where the land formed one block with urban site potential. Proper deductions were required for roads, drains, layout formation, waiting period, blocked capital and lump-sum payment, so the compensation was revised downward while statutory benefits were maintained. Case-Laws Indian Laws Mon, 19 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187024