M/So. Columbus Overseas Llp, Jaipur vs Acit, Circle-1, Jaipur on 12 July, 2022
(iv) COMMISSIONER OF GIFT-TAX vs. R. DAMODARAN (HIGH
COURT OF MADRAS) (2001) 247 ITR 0698
Valuation for stamp duty purposes by the Sub-registrar of the
Properties cannot be the guiding factor for determining the value of
gifted immovable property..... The re-opening of the assessment was
therefore invalid.