https://www.taxtmi.com/caselaws?id=289354 A permanent acquisition formula that fixed compensation by reference to a remote anterior date, with a 50 per cent addition, was held inconsistent with Article 31(2) because it bore no relation to value at the date of acquisition and could not yield just, fair and equivalent compensation. Once that proviso was struck down, compensation fell to be assessed under Section 23 of the Land Acquisition Act, 1894 on market-value principles. Bhogra land was valued on annual net produce where sale evidence was lacking, gounti-raiyati land was treated as non-saleable and valued by deduced rent, and tree compensation was reduced on a fairer basis. en-us Thu, 17 Mar 1955 00:00:00 +0530 Mon, 27 Jul 2020 16:05:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289354 A permanent acquisition formula that fixed compensation by reference to a remote anterior date, with a 50 per cent addition, was held inconsistent with Article 31(2) because it bore no relation to value at the date of acquisition and could not yield just, fair and equivalent compensation. Once that proviso was struck down, compensation fell to be assessed under Section 23 of the Land Acquisition Act, 1894 on market-value principles. Bhogra land was valued on annual net produce where sale evidence was lacking, gounti-raiyati land was treated as non-saleable and valued by deduced rent, and tree compensation was reduced on a fairer basis. Case-Laws Indian Laws Thu, 17 Mar 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289354