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Showing contexts for: V.N.DEVADOSS in Bharath Petroleum Corporation Limited vs The District Revenue Officer (Stamps) on 8 September, 2022Matching Fragments
10. The Hon'ble Supreme Court also in (2009) 7 SCC 438 in the case of V.N.Devadoss vs. Chief Revenue Control Officer Cum Inspector and Others, has held as follows :
“.... 13. Sub-sections (1) and (3) of Section 47-A clearly https://www.mhc.tn.gov.in/judis reveal the intention of the legislature that there must be a reason to believe that the market value of the property which is the subject matter of the conveyance has not been truly set out in the instrument. It is not a routine procedure to be followed in respect of each and every document of conveyance presented for registration without any evidence to show lack of bona fides of the parties to the document by attempting fraudulently to undervalue the subject of conveyance with a view to evade payment of proper stamp duty and thereby cause loss to the revenue. Therefore, the basis for exercise of power under Section 47-A of the Act is wilful undervaluation of the subject of transfer with fraudulent intention to evade payment of proper stamp duty.”