https://www.taxtmi.com/caselaws?id=190271 The Supreme Court, in an appeal concerning land acquisition proceedings for an industrial estate, increased the compensation for acquired land from the initial &8377; 2,200 to &8377; 8,800 per acre. The Court emphasized the importance of considering bona fide transactions of similar lands for market value determination under the Land Acquisition Act. It deemed certain sale instances unreliable but acknowledged the relevance of proven instances close to the acquisition date. The judgment highlighted the necessity of credible evidence and comparable instances to ensure fair compensation in land acquisition cases, directing the amendment of the Civil Judge's decree and awarding half of the appeal costs to the claimants. 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 The Supreme Court, in an appeal concerning land acquisition proceedings for an industrial estate, increased the compensation for acquired land from the initial &8377; 2,200 to &8377; 8,800 per acre. The Court emphasized the importance of considering bona fide transactions of similar lands for market value determination under the Land Acquisition Act. It deemed certain sale instances unreliable but acknowledged the relevance of proven instances close to the acquisition date. The judgment highlighted the necessity of credible evidence and comparable instances to ensure fair compensation in land acquisition cases, directing the amendment of the Civil Judge's decree and awarding half of the appeal costs to the claimants. Case-Laws Indian Laws Tue, 08 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190271