https://www.taxtmi.com/caselaws?id=272414 The reference court's valuation of acquired house-site land at Rs. 15 per sq. yard was upheld because the land had building potential in an improving locality, nearby sale instances were properly considered, and no fundamental error in valuation was shown. Interest on enhanced compensation was held payable from the date possession was taken, not merely from the award date, because the owner was deprived of the land from that point. The rate of 6% per annum was also sustained since possession had been taken before the relevant amending Act and the transitional proviso preserved the higher rate. The acquisition award was therefore affirmed in full. en-us Wed, 27 Dec 1967 00:00:00 +0530 Wed, 02 May 2018 16:38:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272414 The reference court's valuation of acquired house-site land at Rs. 15 per sq. yard was upheld because the land had building potential in an improving locality, nearby sale instances were properly considered, and no fundamental error in valuation was shown. Interest on enhanced compensation was held payable from the date possession was taken, not merely from the award date, because the owner was deprived of the land from that point. The rate of 6% per annum was also sustained since possession had been taken before the relevant amending Act and the transitional proviso preserved the higher rate. The acquisition award was therefore affirmed in full. Case-Laws Indian Laws Wed, 27 Dec 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272414