https://www.taxtmi.com/caselaws?id=289127 A vested right to compensation arising from completed acquisition under a temporary statute survives the expiry of that statute, so the compensation appeals remained maintainable. In fixing market value, the Court applied a willing seller and willing buyer standard, treated most of the land as irrigated agricultural land, and distinguished the poorer-quality portions; it also accepted the revenue-based valuation of the tube-wells. Claims for severance and business loss failed for want of proof, and the statutory additional percentage under the Land Acquisition Act was held inapplicable to this compensation scheme. The excess compensation, however, carried interest at 4% per annum. en-us Thu, 31 Jan 1957 00:00:00 +0530 Wed, 15 Jul 2020 17:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289127 A vested right to compensation arising from completed acquisition under a temporary statute survives the expiry of that statute, so the compensation appeals remained maintainable. In fixing market value, the Court applied a willing seller and willing buyer standard, treated most of the land as irrigated agricultural land, and distinguished the poorer-quality portions; it also accepted the revenue-based valuation of the tube-wells. Claims for severance and business loss failed for want of proof, and the statutory additional percentage under the Land Acquisition Act was held inapplicable to this compensation scheme. The excess compensation, however, carried interest at 4% per annum. Case-Laws Indian Laws Thu, 31 Jan 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289127