https://www.taxtmi.com/caselaws?id=297212 Compensation under the Madras Lignite (Acquisition of Land) Act, 1953 was held invalid because fixing market value by reference to 28 April 1947 bore no real relation to the date of acquisition and denied owners the benefit of later appreciation. Excluding non-agricultural improvements made after that date also improperly removed the value of superstructures and other improvements from the acquired interest. Applying Article 31(2) as it stood before the Fourth Amendment, the Court treated compensation as requiring a just equivalent for the property taken and found the challenged provisions arbitrary and unconstitutional. en-us Tue, 03 Mar 1964 00:00:00 +0530 Mon, 23 Aug 2021 17:02:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297212 Compensation under the Madras Lignite (Acquisition of Land) Act, 1953 was held invalid because fixing market value by reference to 28 April 1947 bore no real relation to the date of acquisition and denied owners the benefit of later appreciation. Excluding non-agricultural improvements made after that date also improperly removed the value of superstructures and other improvements from the acquired interest. Applying Article 31(2) as it stood before the Fourth Amendment, the Court treated compensation as requiring a just equivalent for the property taken and found the challenged provisions arbitrary and unconstitutional. Case-Laws Indian Laws Tue, 03 Mar 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297212