Case Law Analysis
|Bombay High Court
Section 23 Land Acquisition Act | Bombay HC Mandates 25% Deduction for Adjacent Land Influence in Market Value Determination
Bombay High Court rules that compensation under the Land Acquisition Act must account for a 25% deduction for adjacent land influence, alongside a 10% annual hike in market value. The court also clarifies that interest on enhanced compensation accrues from the final award date, not the Section 4 notification, impacting landowners and state authorities in acquisition disputes.