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[Cites 0, Cited by 1] [Section 28] [Entire Act]

State of Odisha - Subsection

Section 28(1) in The Orissa Estates Abolition Act, 1951

(1)in the case of a permanent or resumable estate the compensation payable shall be determined in the following manner, namely :
  Amount of net income Rate of compensation payable
(i) On the first five hundred rupees of the net income. Fifteen times of such income.
(ii) On the next thirty-five hundred rupees of the net income. Thirteen times of such net income.
(iii) On the next three thousand rupees of the net income. Ten times of such net income.
(iv) On the next three thousand rupees of the net income. Seven times of such net income.
(v) On the next fifteen thousand rupees of the net income. Five times of such net income.
(vi) On the next fifteen thousand rupees of the net income. Four times of such income.
(vii) On the balance of the net income Three times of such net income.
To be amount thus determined shall be added the amount of compensation, if any, payable in respect of mines and minerals as determined under Section 30 and such amount as may be determined in the prescribed manner for any improvement that the Intermediary has made in respect of waste lands :Provided that when such land is settled with the Intermediary on a fair and equitable rent no compensation shall be paid for such land.Explanation I - The expression "resumeable estate" in this clause means an estate which is held subject to the condition that it shall lapse to the estate of the grantor and be resumable by him or his successor in title-
(a)on failure of male heirs of the body of the original grantee in the male line; or
(b)on the happening of any definite contingency other than that referred to above.
Explanation II - "Improvement" for the purpose of this clause shall mean any investment made for the better utilisation of land.