Supreme Court of India
Jai Parkash Etc Etc v. Union Territory, Chandigarh Etc Etc
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.
What the Court ordered
We are of the opinion that if a deductionof 40 % is applied instead of 50% as applied by the High Court, it will meet the end of justice and it can be said to be a fair market value for the acquired lands.
Judgment, page 4
From the headnote
Land Acquisition Act, 1894 – ss.4 and 6 – Acquisition of land – Determination of fair market value – Just compensation – Land Acquisition Officer assessed market value of the acquired lands @ Rs.6,87,837/- per acre – Reference Court enhanced it, @ Rs.9,65,000/- per acre – High Court, taking average price of two sale deeds – exhibit P-73 and P-74 relied upon by original claimants- appellants, determined the price of Rs.22,57,000/- per acre, and, thereafter giving a cut of 50%, determined market value of the acquired lands at Rs.11,28,580/- (round off to Rs.11,30,000/-) per acre – On appeal…
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