https://www.taxtmi.com/caselaws?id=313405 Circle rates fixed for stamp duty cannot be used as the sole basis for land acquisition compensation because they do not, by themselves, represent actual market value. Market value must reflect the nature and situation of the land and may be relied on only where the rates are shown to have been determined by a statutory committee through a scientific and methodical assessment of market value. In the absence of such material, reliance on circle rates is unsustainable, and the compensation determination cannot stand on that basis alone. en-us Thu, 21 Sep 2017 00:00:00 +0530 Thu, 11 Apr 2024 13:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313405 Circle rates fixed for stamp duty cannot be used as the sole basis for land acquisition compensation because they do not, by themselves, represent actual market value. Market value must reflect the nature and situation of the land and may be relied on only where the rates are shown to have been determined by a statutory committee through a scientific and methodical assessment of market value. In the absence of such material, reliance on circle rates is unsustainable, and the compensation determination cannot stand on that basis alone. Case-Laws Indian Laws Thu, 21 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313405