https://www.taxtmi.com/caselaws?id=277778 Comparable sale instances could not justify a higher market value because the alleged transactions were not proved through direct evidence, the sale deeds were not produced, and their genuineness as sales between willing buyers and willing sellers was not established. Mere record entries and unsupported oral assertions were insufficient to prove market value under the Land Acquisition Act. The land's compensation could still be assessed with reference to building potentiality, because surrounding circumstances showed a real present value as a building site on the date of acquisition rather than a merely speculative possibility. The award was therefore upheld. en-us Sun, 21 Jul 1968 00:00:00 +0530 Sat, 22 Dec 2018 13:53:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277778 Comparable sale instances could not justify a higher market value because the alleged transactions were not proved through direct evidence, the sale deeds were not produced, and their genuineness as sales between willing buyers and willing sellers was not established. Mere record entries and unsupported oral assertions were insufficient to prove market value under the Land Acquisition Act. The land's compensation could still be assessed with reference to building potentiality, because surrounding circumstances showed a real present value as a building site on the date of acquisition rather than a merely speculative possibility. The award was therefore upheld. Case-Laws Indian Laws Sun, 21 Jul 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277778