https://www.taxtmi.com/caselaws?id=290345 In land acquisition valuation, market value must be fixed by the most comparable sale evidence and reliable contemporaneous material on the notification date; the Bombay HC held that the Reference Court had relied on an inapplicable higher entry and reduced the rate to Rs. 500 per sq. mtr., treating the applicable ready reckoner and government policy as valid valuation guides. On severance, the claim for compensation for the unacquired 344 sq. mtrs. was upheld because the balance land had no proved independent access or separate utility and was shown to be unusable as an independent plot. en-us Mon, 22 Jun 2009 00:00:00 +0530 Mon, 21 Sep 2020 13:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290345 In land acquisition valuation, market value must be fixed by the most comparable sale evidence and reliable contemporaneous material on the notification date; the Bombay HC held that the Reference Court had relied on an inapplicable higher entry and reduced the rate to Rs. 500 per sq. mtr., treating the applicable ready reckoner and government policy as valid valuation guides. On severance, the claim for compensation for the unacquired 344 sq. mtrs. was upheld because the balance land had no proved independent access or separate utility and was shown to be unusable as an independent plot. Case-Laws Indian Laws Mon, 22 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290345