https://www.taxtmi.com/caselaws?id=280367 Acquired land valuation must reflect the land's location, comparability of sale instances, and development potential. The lands were near a national highway and railway track and had higher potential for house-site use, while the sale deeds for nearby lands close to the notification date showed higher values than the data land relied on by the acquiring authority. The data land was not comparable because a railway track separated it from the acquired lands. The Reference Court therefore adopted the better comparables and assessed compensation accordingly, and the Supreme Court found the High Court unjustified in reducing that compensation, restoring the Reference Court's award. en-us Mon, 16 Apr 2018 00:00:00 +0530 Thu, 02 May 2019 07:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280367 Acquired land valuation must reflect the land's location, comparability of sale instances, and development potential. The lands were near a national highway and railway track and had higher potential for house-site use, while the sale deeds for nearby lands close to the notification date showed higher values than the data land relied on by the acquiring authority. The data land was not comparable because a railway track separated it from the acquired lands. The Reference Court therefore adopted the better comparables and assessed compensation accordingly, and the Supreme Court found the High Court unjustified in reducing that compensation, restoring the Reference Court's award. Case-Laws Indian Laws Mon, 16 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280367