https://www.taxtmi.com/caselaws?id=276708 In land acquisition, market value must be fixed as on the notification date by reference to comparable sales in the same locality, while also accounting for material circumstances affecting price, such as flood-related depression in land values. On that footing, the lower court's valuation was reduced and the land rate was held to be Rs. 15 per cent. The text also states that where possession is taken before compensation is paid, interest may be awarded for the period of prior occupation as compensation for deprivation of possession, on the principle reflected in Section 34 of the Land Acquisition Act. Interest at 6 per cent was treated as the proper measure for that period. en-us Mon, 23 Sep 1935 00:00:00 +0530 Fri, 16 Nov 2018 11:09:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276708 In land acquisition, market value must be fixed as on the notification date by reference to comparable sales in the same locality, while also accounting for material circumstances affecting price, such as flood-related depression in land values. On that footing, the lower court's valuation was reduced and the land rate was held to be Rs. 15 per cent. The text also states that where possession is taken before compensation is paid, interest may be awarded for the period of prior occupation as compensation for deprivation of possession, on the principle reflected in Section 34 of the Land Acquisition Act. Interest at 6 per cent was treated as the proper measure for that period. Case-Laws Indian Laws Mon, 23 Sep 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276708