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M.K. Balakrishnan & Ors vs Union Of India & Ors on 26 March, 2009

of urban agricultural land was that it was not a compulsory acquisition, but only executed through a negotiated sale deed. The Hon'ble Apex Court in the case of Balakrishnan v. Union of India & Others (supra) had categorically held merely because the sale price is fixed through a negotiated settlement will not take away the proceedings from the Land Acquisition Act when the relevant provision of the Act are invoked. The relevant finding of the Hon'ble Apex Court reads as follows:-
Supreme Court of India Cites 4 - Cited by 78 - Full Document

Union Of India vs M/S.Infopark Kerala on 5 April, 2017

In this context, the learned AR submitted that the issue is squarely covered in favour of the assessee by the judgment of the Hon'ble Apex Court in the case of Balakrishnan v. Union of India (supra) and Union of India v. Infopark Kerala [81 Taxmann.com 51 (SC)]. It was contended that the Hon'ble Apex Court in above cases had clearly held that since the entire procedure fixed under Land Acquisition Act was followed, the character of acquisition from that of compulsory acquisition to voluntary sale would not change though the price was fixed on negotiated settlement.
Supreme Court - Daily Orders Cites 3 - Cited by 8 - Full Document
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