Supreme Court of India
Bharat Sanchar Nigam Limited v. M/s. Nemichand Damodardas & 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.
What the Court ordered
We hold that the basic value of registration has no statutory base.
Judgment, page 11
From the headnote
Land Acquisition Act, 1894: s.4 – Land acquisition – Compensation – Determination of, on the basis of Ready Reckoner rates – Correctness of – Held: Rates mentioned in the Ready Reckoner, are for the purpose of collection of stamp duty, which are the uniform rates for all the lands in the area, thus, cannot be the basis for determination of the compensation for the lands acquired under the Act – Market value of the land depends upon the location of the land; area of the land; whether the land is in a developed area or not; whether the acquisition is of a small plot of land or a big chunk of…
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