https://www.taxtmi.com/caselaws?id=197301 A statutory lease under the Delhi Development Act permitted recovery of fifty per cent of unearned increase, and the lessor's market-value determination was treated as final. Circulars fixing locality-wise market rates were valid and formed part of the lease regime, so valuation could not be shifted to the consideration stated in a private agreement to sell. A later conversion policy was held prospective and did not reopen the respondents' case, but the appellate court moulded equitable relief on restitutionary principles by reducing interest from 18% to 9% per annum while leaving the substantive relief intact. en-us Fri, 12 Dec 2003 00:00:00 +0530 Mon, 01 Jul 2024 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197301 A statutory lease under the Delhi Development Act permitted recovery of fifty per cent of unearned increase, and the lessor's market-value determination was treated as final. Circulars fixing locality-wise market rates were valid and formed part of the lease regime, so valuation could not be shifted to the consideration stated in a private agreement to sell. A later conversion policy was held prospective and did not reopen the respondents' case, but the appellate court moulded equitable relief on restitutionary principles by reducing interest from 18% to 9% per annum while leaving the substantive relief intact. Case-Laws Companies Law Fri, 12 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197301