https://www.taxtmi.com/caselaws?id=312048 Compensation for acquired land was found liable to enhancement where the land's location, urban and commercial potential, and comparable sale material justified a higher market value. The Court noted that the High Court had relied on a solitary sale instance, but it also considered earlier valuation accepted in connected acquisition litigation, applied a 12% annual increase and a one-third deduction, and fixed a revised market value for the notification year. On that basis, the enhancement was upheld and the landowners were held entitled to the revised compensation. en-us Fri, 13 Dec 2013 00:00:00 +0530 Tue, 30 Jan 2024 11:05:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312048 Compensation for acquired land was found liable to enhancement where the land's location, urban and commercial potential, and comparable sale material justified a higher market value. The Court noted that the High Court had relied on a solitary sale instance, but it also considered earlier valuation accepted in connected acquisition litigation, applied a 12% annual increase and a one-third deduction, and fixed a revised market value for the notification year. On that basis, the enhancement was upheld and the landowners were held entitled to the revised compensation. Case-Laws Indian Laws Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312048