Supreme Court of India
Chaturbhuja Modi and Ors. v. State of Orissa and Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
Land Acquisition Act, 1894: Acquisition of large tract of land - Compensation - Determination of market value - Comparable sale - Criteria for relying on sale deeds - Held: Sale deed by which a very small piece of land was sold cannot be made the basis for determining the market value of the acquired land - Sale deed which was proximate to the date of s.4 notification and a/so in geographical proximity to the acquired land can be made the basis - Where the market value of large block of land is determined on the basis of sale · transactions for smaller property, appropriate deduction has to…
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