Exec.Engineer,Karnataka Hng.Board vs Land Acquisition Officer & Ors

The Supreme Court addressed the determination of compensation for acquired land under the Land Acquisition Act, 1894, specifically referencing Section 4(1). The Court upheld the High Court's decision to increase the compensation to Rs.4,42,000/- per acre, emphasizing the importance of using comparable sales in the neighborhood for market value assessment. The Court clarified that the market value should reflect a fair price determined by willing buyers and sellers, rejecting the appellant's arguments regarding the reliance on auction sales and the percentage deduction for development costs.