A.S.KRISHNA AND CO. PVT. LTD. vs LAND ACQUISITION OFFICER(DEPUTY COLLECTOR) HYDERABAD

The Supreme Court upheld the High Court's determination of compensation under the Land Acquisition Act, 1894, specifically referencing Section 4(1). The Court affirmed that the market value of the land was correctly assessed at Rs. 50 per square yard, rejecting the Advocate General's argument for a higher deduction. The Court emphasized that the valuation should reflect the market conditions as they were in 1978-79, rather than the inflated prices post-1980, thus dismissing the appeals of the appellant-claimant.