Land Bank of The Philippines V Livioco
Land Bank of The Philippines V Livioco
Land Bank of The Philippines V Livioco
the propertys potential use. Thus, the valuation by the lower courts is not
acceptable, as it is not in accordance with Section 17 of RA 6657. It was
based on respondents evidence which were irrelevant or off-tangent to the
factors laid down by Section 17. However, the valuation proffered by LBP
is not acceptable too for lack of proper substantiation. Given that both
parties failed to adduce evidence of the propertys value as an agricultural
land at the time of taking, it is premature for the Court to make a final
decision on the matter. The barren records of this case leave us in no position
to resolve the dispute. Not being a trier of facts, the Court cannot also receive
new evidence from the parties that would aid in the prompt resolution of this
case. We are thus constrained to remand the case to the trial court
for the reception of evidence and determination of just
compensation in accordance with Section 17 of RA 6657.