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 R eckoner rates – Correctness of – Held: Rates mentioned in t he Ready Reckoner, are for the purpose of collection of stam p duty, which are the uniform rates for all the lands in the area, thus, c annot be the basis for determination of the compensation for the lands acquired under the Act – Market value of the land dep ends 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
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