https://www.taxtmi.com/caselaws?id=314379 Market value in compulsory land acquisition must be fixed on objective open-market criteria, including the land's nature, location, comparable sales and any development cost, and a small house-site sale cannot be mechanically used to value extensive agricultural land needing substantial leveling. The High Court erred in treating the lands as fit for building purposes on that solitary sale instance, so the compensation was modified to Rs. 50,000 per acre with solatium and interest. The additional amount under Section 23(1-A) was also held payable by virtue of the transitional provision in Section 30(1)(a), from the date of notification until possession. en-us Tue, 29 Apr 1997 00:00:00 +0530 Wed, 05 Jun 2024 12:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314379 Market value in compulsory land acquisition must be fixed on objective open-market criteria, including the land's nature, location, comparable sales and any development cost, and a small house-site sale cannot be mechanically used to value extensive agricultural land needing substantial leveling. The High Court erred in treating the lands as fit for building purposes on that solitary sale instance, so the compensation was modified to Rs. 50,000 per acre with solatium and interest. The additional amount under Section 23(1-A) was also held payable by virtue of the transitional provision in Section 30(1)(a), from the date of notification until possession. Case-Laws Indian Laws Tue, 29 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314379