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It has come to the notice of Hon'ble Apex court, that there is growing a parallel economy running in to hundreds of crores of rupees within the country's economy through land/real estate business mafia openly by passing/violating established relevant laws of land and so indulging in generation of "black money" with devious methods of so called "indirect sales of immovable property" getting officially registered under the Indian Registration Act. Thus the Hon'ble Court has observed that high rates of stamp duties in respect of dealings of purchase/ sale of immovable properties, existing in certain states are one of the prime causes/factors encouraging such indirect sales causing much revenue loss to the country's exchequer in the form of stamp duty, Income tax & Wealth Tax evasion. This is because a majority of dealings pertaining to immovable properties~ are being made through General Power Attorney, Agreements to sell and will whi.ch need not be "registered" as such under the Indian Registration Act. Only confirmed dealings or direct sales in immovable properties are getting registered under the- Indian Registration Act and the rest, as detailed above are not so getting registered on account of gaping hole prevailing in the present law.