1997 (4) TMI 12

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.... B. Gautam v. Union of India [1993] 199 ITR 530, wherein it was held that : "31. The recording of reasons which lead to the passing of the order is basically intended to serve a two-fold purpose : (1) that the 'party aggrieved' in the proceeding before (sic the appropriate authority), acquires knowledge of the reasons and in a proceeding before the High Court or the Supreme Court (since ther....

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....ession of the property in question. Taking into account these factors and taking note of the fact that the immovable properties in urban areas have gone up steeply in value during the last few years, we direct that, in case an order for compulsory purchase is made the Central Government shall pay to the intending seller the amount of the apparent consideration plus interest at 9 per cent. per annu....