https://www.taxtmi.com/caselaws?id=309818 Acquired land valuation was fixed by reference to reliable exemplar evidence and comparable adjoining village acquisitions covered by contemporaneous notification, and the Court accepted the earlier benchmark as the proper basis. It held that no arbitrary yearly depreciation could be applied where the relevant sale exemplars already pre-dated the first notification governing the acquisition, and there was no legally acceptable material for a further downward adjustment. The compensation rate was therefore enhanced to Rs.50,000 per bigha, while any claim for enhancement beyond that figure was rejected and the High Court's approach was otherwise maintained. en-us Tue, 02 Jul 2013 00:00:00 +0530 Fri, 22 Sep 2023 11:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309818 Acquired land valuation was fixed by reference to reliable exemplar evidence and comparable adjoining village acquisitions covered by contemporaneous notification, and the Court accepted the earlier benchmark as the proper basis. It held that no arbitrary yearly depreciation could be applied where the relevant sale exemplars already pre-dated the first notification governing the acquisition, and there was no legally acceptable material for a further downward adjustment. The compensation rate was therefore enhanced to Rs.50,000 per bigha, while any claim for enhancement beyond that figure was rejected and the High Court's approach was otherwise maintained. Case-Laws Indian Laws Tue, 02 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309818