Section 20. Determination of compensation.

20. (1) The amount payable as compensation in respect of any land or building acquired under this Act shall be an amount equal to one hundred times of the net average monthly income actually derived from such land or building during the period of five consecutive years immediately preceding the date of publication of the declaration under sub-section (4) of section 17. (2) The net average monthly income referred to in sub-section (1) shall be calculated in the manner and in accordance with the principles set forth in the Schedule. (3) The Competent Authority shall, after holding inquiry in such manner as may be prescribed, provisionally determine in accordance. with the provisions of sub-section (2) the net average monthly income of the land or building and serve or cause to be served upon the owner of the land or building and every person having interest therein, a notice along with a memo of the provisional net monthly average income of the land or building as determined by it, to make objection thereto, if any, by the date specified in the notice (4) Any objection made in pursuance of the notice under subsection (3) shall, after affording reasonable opportunity of being heard to the objector, be disposed of by the Competent Authority. (5) Where no objection is made in pursuance of the notice under sub-section (3) against the provisional determination of the net average monthly income of the land or building within the time fixed therefor, in the notice or where objections have been made, after the same have been disposed of under sub-section (4), the Competent Authority shall, by publication in the official Gazette, declare the net average monthly income of the land or the building as finally determined by it. (6) Any person feeling aggrieved with the final determination of the net average monthly income by the Competent Authority under sub-section 5 may, within thirty days from the date of publication thereof, prefer an appeal to the Commissioner of the Division or such other authority or court as may be notified in this behalf by the State Government. (7) The Appellate Authority shall, after affording reasonable opportunity of being heard to the appellant, determine the net average monthly income of the land or building, whose decision in this regard shall be final and be not questioned in any court of law.