https://www.taxtmi.com/caselaws?id=313388 Comparable sale instances may be used to determine market value in land acquisition, but suitable deductions are required where the acquired land is a much larger tract, in a different locality, or affected by development and situation factors. On that basis, separate deductions for largeness of area and development charges were considered permissible, and compensation was adjusted accordingly. The judgment also confirms that interest cannot be denied on the solatium component, since solatium forms part of the compensation base for interest after the governing Constitution Bench ruling. The appeals were disposed of by modifying compensation and affirming interest on solatium. en-us Wed, 13 Apr 2005 00:00:00 +0530 Wed, 10 Apr 2024 14:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313388 Comparable sale instances may be used to determine market value in land acquisition, but suitable deductions are required where the acquired land is a much larger tract, in a different locality, or affected by development and situation factors. On that basis, separate deductions for largeness of area and development charges were considered permissible, and compensation was adjusted accordingly. The judgment also confirms that interest cannot be denied on the solatium component, since solatium forms part of the compensation base for interest after the governing Constitution Bench ruling. The appeals were disposed of by modifying compensation and affirming interest on solatium. Case-Laws Indian Laws Wed, 13 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313388