This case has been cited 1 times or more.
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2014-08-11 |
DEL CASTILLO, J. |
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| However, in Manalo's Commissioners' Report in Civil Case No. 4436-2K3, it is particularly noted that LBP's computations were based on field investigations which were conducted in 1991 or more than two and a half years (2-1/2) prior to the taking of the property in 1993, and it used data obtaining in 1991 and 1983 tax declarations,[77] which are clearly outdated and could not form the basis for an accurate and fair computation of just compensation for Galle's estate, given the fundamental principle in eminent domain that "the owner shall receive the market value of his property at the time of the taking."[78] These findings were not denied nor refuted by LBP in its Manifestations/Comments[79] to the Commissioners' Report and Calapardo's Dissenting Opinion; on the contrary, it appears to have agreed to Calapardo's computation of just compensation at P20,645,445.00.[80] | |||||