that the
market value of the immovable property which is the subject
matter of such instrument has not been truly set forth therein ... been truly set-forth therein, he
shall, for the purpose of assessing the stamp duty, determine
the true market value of such property
duty shall not be the amount or value of the consideration for the conveyance as set forth therein but it shall be the market value
Year 2007-08
is applicable to this year also. The argument put forth by assessee's is
that Infosys Technologies Ltd is not functionally ... activity, brand value, size, etc. The TPO, however,
rejected the contention put forth by the assessee and included this
company in the set of comparables
Appendix II]
where the amount or value
of the consideration of such Twenty rupees
conveyance, as set forth
therein, does not exceed
Rs.1000
machinery and constructions thereon. Hence Stamp Duly was payable on the market value of properly conveyed, it was contended by the learned counsel ... chargeable and where the parties to instrument have nor set forth all relevant facts and circumstances affecting the chargeability of the document with duty
excluding the sum equivalent to the value of the net current assets as determined in the manner set forth. The said consideration was payable ... amount due towards secured loans and no break-up price or value was fixed for the individual items, or for various items of movable properties
section (2) shall,...
(i) be in the prescribed form;
(ii) set forth such particulars as may be prescribed; and
(iii) be verified in the prescribed ... section 47A and if he finds that the markets value has not been properly set forth in the instrument, his first duty is to register
conveyance for a consideration equal to the value of the property as set forth in such instrument. It seems to us that the Subordinate Judge
that the value of the property or the
consideration by the transfer, as the case may be, has not
been truly set forth ... believe that the value of the property or the
consideration, as the case may be, has not
been truly set forth in the instrument
adjudication of the proper market value of the property in question. As noticed above, the market value in relation to any property which ... reason to believe that the market value of such property has not been truly set forth in the instrument, he may determine by order
