THE PRESIDENT, A.P.M.C. vs MANIKANT

The Supreme Court addressed the issue of compensation for land acquired under the Land Acquisition Act, 1894, specifically under Section 4(1) and Section 48(1). The Court held that the lower courts erred in enhancing the compensation based on square foot valuation, emphasizing that no willing purchaser would buy land on such a basis when a large extent is acquired for a market yard. The appeal was allowed, and the compensation determined by the Land Acquisition Officer was upheld.