https://www.taxtmi.com/caselaws?id=289219 Market value for acquired urban property is to be assessed at the date of notification, using the price a willing purchaser would pay a willing seller. For buildings in good condition, reliable rental evidence may be capitalised to determine compensation, and separate land-and-building valuation followed by averaging is an unsafe guide. Where the rental material is satisfactory, the compensation must be reassessed on that basis, which in this instance led to an enhancement of the award and rejection of the cross-objections. en-us Fri, 13 Jul 1956 00:00:00 +0530 Tue, 21 Jul 2020 10:10:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289219 Market value for acquired urban property is to be assessed at the date of notification, using the price a willing purchaser would pay a willing seller. For buildings in good condition, reliable rental evidence may be capitalised to determine compensation, and separate land-and-building valuation followed by averaging is an unsafe guide. Where the rental material is satisfactory, the compensation must be reassessed on that basis, which in this instance led to an enhancement of the award and rejection of the cross-objections. Case-Laws Indian Laws Fri, 13 Jul 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289219