https://www.taxtmi.com/caselaws?id=190271 For compensation under Section 23 of the Land Acquisition Act, 1894, the best evidence of market value is a bona fide sale of similar land at or about the Section 4 notification. A sale instance proved by an agreement to sell and sale deed may be relied on even if it is post-notification, if it is reasonably proximate and there is no proof of speculative or abnormal price rise. Where the comparable land adjoins the purchaser's land or acquisition-related factors may have affected price, appropriate deductions are required. The SC treated the proved sale as the proper valuation guide, while rejecting other instances as distress sales or unreliable comparables. en-us Tue, 08 Aug 1989 00:00:00 +0530 Fri, 10 Feb 2017 15:33:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190271 For compensation under Section 23 of the Land Acquisition Act, 1894, the best evidence of market value is a bona fide sale of similar land at or about the Section 4 notification. A sale instance proved by an agreement to sell and sale deed may be relied on even if it is post-notification, if it is reasonably proximate and there is no proof of speculative or abnormal price rise. Where the comparable land adjoins the purchaser's land or acquisition-related factors may have affected price, appropriate deductions are required. The SC treated the proved sale as the proper valuation guide, while rejecting other instances as distress sales or unreliable comparables. Case-Laws Indian Laws Tue, 08 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190271