https://www.taxtmi.com/caselaws?id=272674 Market value for acquired land is to be determined primarily from genuine comparable sale deeds of similar land, not from stamp-duty valuation entries or other extraneous market references. Where a claimant's own registered sale deed shows a lower price for the same transaction, Section 92 of the Evidence Act prevents reliance on a contrary asserted price. On the proved evidence, the relevant sale instances supported a base rate in the range of Rs. 15.37 to Rs. 15.40 per sq. yard, and a further increase for development potential was justified only on that correct base and time gap. Compensation was fixed accordingly, with solatium and other statutory benefits under the Land Acquisition Act. en-us Wed, 07 Jan 2004 00:00:00 +0530 Thu, 27 Jun 2024 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272674 Market value for acquired land is to be determined primarily from genuine comparable sale deeds of similar land, not from stamp-duty valuation entries or other extraneous market references. Where a claimant's own registered sale deed shows a lower price for the same transaction, Section 92 of the Evidence Act prevents reliance on a contrary asserted price. On the proved evidence, the relevant sale instances supported a base rate in the range of Rs. 15.37 to Rs. 15.40 per sq. yard, and a further increase for development potential was justified only on that correct base and time gap. Compensation was fixed accordingly, with solatium and other statutory benefits under the Land Acquisition Act. Case-Laws Indian Laws Wed, 07 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272674