https://www.taxtmi.com/caselaws?id=299537 In compulsory acquisition, market value must be fixed on reliable evidence such as bona fide comparable sales as on the notification date, not on fiscal valuation registers maintained for stamp and registration purposes. Very small plot sales and prior awards based on the same weak foundation were not safe guides for valuing large agricultural tracts, and claimed building potential had to be proved by credible evidence of existing demand and development. The lands were treated as agricultural lands, compensation was reassessed accordingly, and statutory additions, including solatium, additional compensation, and interest, were payable. en-us Thu, 27 Oct 1994 00:00:00 +0530 Sat, 18 Dec 2021 15:19:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299537 In compulsory acquisition, market value must be fixed on reliable evidence such as bona fide comparable sales as on the notification date, not on fiscal valuation registers maintained for stamp and registration purposes. Very small plot sales and prior awards based on the same weak foundation were not safe guides for valuing large agricultural tracts, and claimed building potential had to be proved by credible evidence of existing demand and development. The lands were treated as agricultural lands, compensation was reassessed accordingly, and statutory additions, including solatium, additional compensation, and interest, were payable. Case-Laws Indian Laws Thu, 27 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299537