Briefly, the facts are that vide notification dated 15.12.1977 issued under Section 4 of the Land Acquisition Act, 1894 (for short, 'the Act'), the State of Punjab acquired land measuring 94.04 acres situated in village Sultanwind, Tehsil and District Amritsar, for setting up of an Industrial Focal Point at Amritsar. The Land Acquisition Collector determined the market value of the acquired land @ 40,000/- per acre. Dissatisfied with the award of the Collector, the landowners filed objections. On reference under Section 18 of the Act, the learned court below on the basis of earlier award dated 20.11.1984, Ex. A-1, assessed the market value of the acquired land @ 48,000/- per acre. It is this award which is impugned in the present appeal.