https://www.taxtmi.com/caselaws?id=313658 Market value under the Land Acquisition Act, 1894 must be assessed by reference to the acquired land's nature, quality, location, potentiality, advantages and disadvantages, and comparable material must relate to lands shown to be similar in relevant respects. A Lok Adalat settlement fixing value of other lands, without particulars of the land covered or evidence of similarity in location and attributes, cannot by itself provide a reliable basis for enhancing compensation. The proper approach is to apply settled valuation principles and rely only on legally relevant material for the acquired land. On that basis, the settlement was not treated as a safe or proper guide, and the High Court's valuation was upheld. en-us Tue, 04 Aug 2009 00:00:00 +0530 Sat, 27 Apr 2024 11:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313658 Market value under the Land Acquisition Act, 1894 must be assessed by reference to the acquired land's nature, quality, location, potentiality, advantages and disadvantages, and comparable material must relate to lands shown to be similar in relevant respects. A Lok Adalat settlement fixing value of other lands, without particulars of the land covered or evidence of similarity in location and attributes, cannot by itself provide a reliable basis for enhancing compensation. The proper approach is to apply settled valuation principles and rely only on legally relevant material for the acquired land. On that basis, the settlement was not treated as a safe or proper guide, and the High Court's valuation was upheld. Case-Laws Indian Laws Tue, 04 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313658