https://www.taxtmi.com/caselaws?id=297214 Compulsory acquisition compensation must be based on relevant principles that yield a just equivalent under Article 31(2), and valuation rules tied to cost price for unused machinery and written-down value for used machinery were treated as unrelated to present market value and therefore arbitrary. Because machinery formed the major part of the undertaking, the defective machinery valuation method infected the compensation scheme as a whole, and the valuation provisions were not severable. The impugned compensation provisions were therefore found not to satisfy Article 31(2), and the Act was unconstitutional. en-us Mon, 05 Sep 1966 00:00:00 +0530 Mon, 23 Aug 2021 17:44:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297214 Compulsory acquisition compensation must be based on relevant principles that yield a just equivalent under Article 31(2), and valuation rules tied to cost price for unused machinery and written-down value for used machinery were treated as unrelated to present market value and therefore arbitrary. Because machinery formed the major part of the undertaking, the defective machinery valuation method infected the compensation scheme as a whole, and the valuation provisions were not severable. The impugned compensation provisions were therefore found not to satisfy Article 31(2), and the Act was unconstitutional. Case-Laws Indian Laws Mon, 05 Sep 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297214