https://www.taxtmi.com/caselaws?id=459003 Credible evidence of the land's character and potentiality governs compensation in acquisition matters, and a competent authority's finding that the lands were irrigated wet lands will stand unless displaced by reliable contra evidence. On the valuation issue, comparable awards and reasonable escalation were used to reassess market value, and the Reference Court's higher compensation was modified to align with the evidence. The revised compensation was fixed at Rs.4,15,000 per acre with statutory benefits, while the cross-objection for further enhancement was rejected. en-us Thu, 08 Jan 2015 00:00:00 +0530 Mon, 25 Nov 2024 21:08:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459003 Credible evidence of the land's character and potentiality governs compensation in acquisition matters, and a competent authority's finding that the lands were irrigated wet lands will stand unless displaced by reliable contra evidence. On the valuation issue, comparable awards and reasonable escalation were used to reassess market value, and the Reference Court's higher compensation was modified to align with the evidence. The revised compensation was fixed at Rs.4,15,000 per acre with statutory benefits, while the cross-objection for further enhancement was rejected. Case-Laws Indian Laws Thu, 08 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459003