Damodar Das , (1912) 16 Cal WN 894 and argued that misstatement of value, even if it can be described as fraud does not constitute fraudulent ... This decision lays down that although the value set forth in the sale proclamation may have been grossly low and the sale, as a result
family, chargeable with duty verify
whether the value of land or the consideration set forth
in the instrument is the fair ... value of that land.
(2) Where on such verification, the registering
officer is satisfied that the value of the land or the
consideration set forth
instrument.
(ii) Exchange of immovable property
The value of the property of the greater value, as set forth in the instrument.
(iii) Gift of immovable ... property, as set forth in the instrument.
(iv) Mortgage with possession of immovable property
The amount secured by the mortgage as set forth
respect of batik balance of the accused. The prosecution set forth the value of this asset at Rs.3,33,335-95 paise ... learned Counsel for the accused that the prosecution has set forth the value of !he gold on the basis of market value on the date
reason to believe that the market value of the property has not been truly set forth in the instrument, he may determine the market value ... find out prima facie, whether the market value set out in the instrument has been set forth correctly.
8. The provision does not provide
instrument on which duty is chargeable on the market-value of the property] as set forth in such instrument [is less than even the minimum ... market value. Under the Uttar Pradesh Stamp Rules 1942 a minimum value is determined by the Collector and if the market value set forth
reasonable belief that the market value of the property has not been truly set forth in the instrument. In other words the belief must ... constitute reasonable material/ground for believing that the value of the property was not truly set forth in the deed of conveyance. In the circumstances
value of the
consideration of such conveyance
as set forth therein or market value
of the property which is the subject
of such conveyance, whichever ... that if the market
value of the immovable property is higher
than the value of the consideration as set
forth in the deed of conveyance
The Project Director vs M.Vijayalakshmi on 13 February, 2020
Bench: T.S.Sivagnanam , R
instrument.
(ii) Exchange of immovable property
The value of the property of the greater value, as set forth in the instrument.
(iii)Gift of immovable ... property, as set forth in the instrument.
(iv)Mortgage with possession of immovable property
The amount secured by the mortgage as set forth
