Supreme Court of India
Chakas v. State of Punjab & Ors.
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
For the foregoing reasons, this and the connected appeals preferred by land owners are hereby allowed and those filed by the Corporation are dismissed with costs F throughout.
Judgment, page 16
From the headnote
LAND ACQUISITION ACT, 1894: c s.23 - Compensation for the land acquired - Computation of - Base price - Comparable sale deed - Held: Market value has to be assessed as at the time of s.4 notification - Appropriate sale deed would be Ext. PB as it is touching the issuance of s.4 notification and is for more than 0 20 bighas of land - Further, tax department granted a clearance certificate with regard to it - It is a genuine and bona fide transaction - As per this sale deed the base price of the land acquired is fixed at Rs. 4,08,0001-per acre. s.23 - Market value of land acquired - Deductions
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