READY RECKONER RATES MEANT FOR CALCULATION OF STAMP DUTY CANNOT BE THE BASIS FOR DETERMINATION OF LAND ACQUISITION COMPENSATION: SUPREME COURT
The Supreme Court observed that prices mentioned in the Ready Reckoner meant for calculation of the stamp duty cannot be the basis for determination of the compensation under the Land Acquisition Act.
In this case, the Bombay High Court, allowing appeal of land owners/claimants enhanced the amount of compensation for the lands acquired mainly relying upon the prevailing Ready Reckoner rates of the land………….
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