SHASHIKANT BANSAL vs GWALIOR IMPROVE.TRUST/GWALIOR DEV.AUTHO.

The Supreme Court addressed the appeal against the Madhya Pradesh High Court's judgment under Section 147 of the Madhya Pradesh Town Improvement Trust Act, 1960, which fixed the market value of acquired land at Rs.1.50 per square foot after a 25% deduction for development costs. The Court held that the High Court's deduction was unjustified, as the appellant had already developed the land, and emphasized that compensation should reflect the actual value without arbitrary deductions. The Court ultimately set aside the High Court's order regarding the deduction and upheld the Tribunal's award of compensation without such deductions.