https://www.taxtmi.com/caselaws?id=305289 Ready Reckoner rates prepared for stamp duty and registration purposes cannot, by themselves, be used to determine market value for land acquisition compensation. Compensation must rest on recognised evidence of market value, including bona fide sale instances and other admissible material relevant to the acquired property's specific features. The Supreme Court of India held that the High Court could not disregard binding law under Article 141 and enhance compensation solely on the basis of the Ready Reckoner or the Government Resolution. The Reference Court's award was restored and the appeal succeeded. en-us Mon, 11 Jul 2022 00:00:00 +0530 Fri, 25 Nov 2022 22:10:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305289 Ready Reckoner rates prepared for stamp duty and registration purposes cannot, by themselves, be used to determine market value for land acquisition compensation. Compensation must rest on recognised evidence of market value, including bona fide sale instances and other admissible material relevant to the acquired property's specific features. The Supreme Court of India held that the High Court could not disregard binding law under Article 141 and enhance compensation solely on the basis of the Ready Reckoner or the Government Resolution. The Reference Court's award was restored and the appeal succeeded. Case-Laws Indian Laws Mon, 11 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305289