https://www.taxtmi.com/caselaws?id=277583 For valuation of agricultural land acquired in 1962-63 under the capitalisation method, the relevant date remained the Section 4(1) notification, and the multiplier had to reflect prevailing market conditions, safe investment returns and the nature of the land. On the facts, the lands were agricultural or banjar lands without special non-agricultural potential, so the twenty years' purchase rule was held excessive for the relevant period. The proper multiplier was fifteen years' purchase, and the compensation was reduced accordingly, while solatium and interest were left undisturbed and the earlier higher valuation was corrected. en-us Wed, 05 Oct 1983 00:00:00 +0530 Wed, 12 Dec 2018 16:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277583 For valuation of agricultural land acquired in 1962-63 under the capitalisation method, the relevant date remained the Section 4(1) notification, and the multiplier had to reflect prevailing market conditions, safe investment returns and the nature of the land. On the facts, the lands were agricultural or banjar lands without special non-agricultural potential, so the twenty years' purchase rule was held excessive for the relevant period. The proper multiplier was fifteen years' purchase, and the compensation was reduced accordingly, while solatium and interest were left undisturbed and the earlier higher valuation was corrected. Case-Laws Indian Laws Wed, 05 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277583