https://www.taxtmi.com/caselaws?id=303174 Where reliable sale deeds are unavailable, compensation for acquired agricultural land may be assessed on the basis of crop yield, but oral evidence of realised value must be scrutinised carefully. The accepted annual income was fixed at Rs. 2,050 per acre, and a 50% deduction for cultivation expenses was treated as appropriate rather than a one-third deduction. Applying a multiplier of 10 years to the net annual income, the market value was determined accordingly. The claimants were also entitled to statutory solatium and interest on the enhanced compensation under the amended acquisition law. en-us Fri, 13 Dec 1996 00:00:00 +0530 Thu, 07 Jul 2022 11:59:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303174 Where reliable sale deeds are unavailable, compensation for acquired agricultural land may be assessed on the basis of crop yield, but oral evidence of realised value must be scrutinised carefully. The accepted annual income was fixed at Rs. 2,050 per acre, and a 50% deduction for cultivation expenses was treated as appropriate rather than a one-third deduction. Applying a multiplier of 10 years to the net annual income, the market value was determined accordingly. The claimants were also entitled to statutory solatium and interest on the enhanced compensation under the amended acquisition law. Case-Laws Indian Laws Fri, 13 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303174