Pehlad Ram & Ors vs Haryana Urban Dev. Authority & Ors

The Supreme Court addressed the issue of compensation for land acquired under the Land Acquisition Act, 1894, specifically referencing Section 4 and Section 28-A. The Court held that the compensation awarded must reflect the market value of the land at the time of acquisition, emphasizing that the purchase price paid by the appellants 15 months prior to the notification is critical evidence. The Court ultimately decided to reduce the compensation amount, aligning with the precedent set in The Dollar Company vs. Collector of Madras, AIR 1975 SC 1670, and acknowledged the need for a reassessment of the compensation based on market trends.