Keshavadas Shridharao Savakar & Ors vs Assistant Commnr. & Land ...

The Supreme Court addressed the valuation of land acquired under the Land Acquisition Act, specifically under Section 4(1) and Section 54. The Court held that the Reference Court's determination of market value at Rs.14,500 per gunta was erroneous, as it did not adequately consider the non-agricultural potential of the land. Consequently, the Supreme Court upheld the High Court's decision to reject the Reference Court's valuation, emphasizing the need for accurate market assessments in land acquisition cases.