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    <title>2007 (5) TMI 667 - Supreme Court</title>
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    <description>Section 25 of the Land Acquisition Act, 1894 was held not to bar the appellants&#039; claim for additional market value and interest because it only prevents reduction of compensation below the Collector&#039;s award and, being substantive, does not apply retrospectively absent clear legislative intent. The Court also found that possession had been retained without the support of a surviving acquisition notification, so the appellants could not be denied monetary relief for the intervening period. Additional interest at 15% per annum was therefore granted for that period, while the remainder of the High Court&#039;s approach was left undisturbed.</description>
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    <pubDate>Thu, 17 May 2007 00:00:00 +0530</pubDate>
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      <title>2007 (5) TMI 667 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=282050</link>
      <description>Section 25 of the Land Acquisition Act, 1894 was held not to bar the appellants&#039; claim for additional market value and interest because it only prevents reduction of compensation below the Collector&#039;s award and, being substantive, does not apply retrospectively absent clear legislative intent. The Court also found that possession had been retained without the support of a surviving acquisition notification, so the appellants could not be denied monetary relief for the intervening period. Additional interest at 15% per annum was therefore granted for that period, while the remainder of the High Court&#039;s approach was left undisturbed.</description>
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      <pubDate>Thu, 17 May 2007 00:00:00 +0530</pubDate>
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