https://www.taxtmi.com/caselaws?id=191922 In compulsory acquisition of land with buildings, compensation is to be assessed for the property as a composite whole, not by separately valuing the land and the building, and the total compensation is then apportioned among persons interested. Outstanding interests not vested in the Government are extinguished on acquisition, but each interested holder remains entitled to share in the award. Where comparable sales are unavailable, particularly for business premises, capitalisation of actual or reasonably expected net rental income is an accepted method for determining market value, and the multiple applied will generally not be disturbed without a clear error. en-us Tue, 19 Mar 1968 00:00:00 +0530 Wed, 03 May 2017 15:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191922 In compulsory acquisition of land with buildings, compensation is to be assessed for the property as a composite whole, not by separately valuing the land and the building, and the total compensation is then apportioned among persons interested. Outstanding interests not vested in the Government are extinguished on acquisition, but each interested holder remains entitled to share in the award. Where comparable sales are unavailable, particularly for business premises, capitalisation of actual or reasonably expected net rental income is an accepted method for determining market value, and the multiple applied will generally not be disturbed without a clear error. Case-Laws Indian Laws Tue, 19 Mar 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191922