A.V.KRISHNA RAO, UMAMAHESWARAM
Kompalli Nageswara Rao – Appellant
Versus
Special Deputy Collector, Land Acquisition, Bapatla – Respondent
( 2 ) UNDER Section 23 (1) of the Land Acquisition Act, the Court has to determine the market value of the land as on the date of the publication of the notification under Section 4 Sub-section (1 ). Dealing with this expression "the market value". Lord Romer observed in the well-known Lova Garden Case, Narayana, Gajapatiraju v. Revenue Divisional Officer Vizagapatam, ILR 1939 Mad 532 at p. 543: (AIR 1939 PC 98 at p. 102} (A), as follows: "there is not in general any market for land is the sense in which one speaks of a market for shares or a market for sugar or any like commodity. The value of any such article at any particular time can readily be ascertained by the prices being obtained for similar articles in the market. In the case of land, its value in general can also be measured by a consideration of the prices that have been obtained in the past for land or
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