https://www.taxtmi.com/caselaws?id=312047 Land acquisition compensation must reflect the real market value on the notification date, assessed by comparable sales, surrounding development, location, and potentiality. Where earlier base rates are carried forward, 12% annual escalation may be applied on a cumulative basis if appropriate. A rigid belting system was disapproved for lands that had already lost their purely agricultural character, and a flat 40% development deduction was held excessive; one-third deduction was treated as the fair norm on these facts. The connected matters were then reassessed group-wise, with revised compensation rates applied to the different clusters and excessive deductions reduced accordingly. en-us Thu, 11 Apr 2013 00:00:00 +0530 Tue, 30 Jan 2024 11:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312047 Land acquisition compensation must reflect the real market value on the notification date, assessed by comparable sales, surrounding development, location, and potentiality. Where earlier base rates are carried forward, 12% annual escalation may be applied on a cumulative basis if appropriate. A rigid belting system was disapproved for lands that had already lost their purely agricultural character, and a flat 40% development deduction was held excessive; one-third deduction was treated as the fair norm on these facts. The connected matters were then reassessed group-wise, with revised compensation rates applied to the different clusters and excessive deductions reduced accordingly. Case-Laws Indian Laws Thu, 11 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312047