https://www.taxtmi.com/caselaws?id=273147 Compulsory acquisition compensation must reflect the land's market value on the notification date, including any special adaptability or potentiality that would influence a willing purchaser, even if the acquiring authority is the only possible buyer for that use. The valuation cannot be reduced to ordinary value merely because no other purchaser could exploit the same advantage. At the same time, the land may not be valued by reference to its enhanced post-acquisition use under the scheme; only existing advantages and possibilities are relevant. The compensation was therefore assessed on that basis, and the higher post-scheme value was excluded. en-us Thu, 23 Feb 1939 00:00:00 +0530 Fri, 08 Jun 2018 15:26:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273147 Compulsory acquisition compensation must reflect the land's market value on the notification date, including any special adaptability or potentiality that would influence a willing purchaser, even if the acquiring authority is the only possible buyer for that use. The valuation cannot be reduced to ordinary value merely because no other purchaser could exploit the same advantage. At the same time, the land may not be valued by reference to its enhanced post-acquisition use under the scheme; only existing advantages and possibilities are relevant. The compensation was therefore assessed on that basis, and the higher post-scheme value was excluded. Case-Laws Indian Laws Thu, 23 Feb 1939 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273147