speak of the value of the property. On the contrary it contemplated the amount or value of the consideration as set forth in the document ... market value after coming into force of the Bombay Stamp Act, 1958 , and the value of the property is not correctly set forth
been truly set forth therein, he shall, for
the purpose of assessing the stamp duty, determine the true
market value of such property, as laid ... section, if the difference between the amount of the
market value as set forth in the instrument and the market
value as determined
set of provisions is apparent. Section 32A
essentially deals with a situation where the market value has not
been truly set forth in the instrument ... market value. If he has a reason to
believe that the market value has not been truly and fully set
forth in the instrument
execution and includes a sub-
contract.
(a) where the amount or value set forth in (Five hundred rupees)
such contract does not exceed rupees
another person or against any specified property-
(a) If the amount or value of the claim does not exceed ... duty as a Bond (N0. 15) for such amount or value as set forth in the Release.
Fifteen rupees.
Judge erred in holding that
market value as
was shown of the property in question. The Sub Registrar,
thus, impliedly accepted the value as set-forth in the
instrument ... reason to
believe that the market value of such property has not
been truly and fully set-forth in the instrument, he shall
proceed
section, if the difference between the amount of the market value
as set-forth in the instrument and the market value as determined ... reason
to believe that the market value of such property has not been
truly and fully set forth in the instrument he shall proceed
reason to believe that the market value of such property has not been true and fully set forth in the instrument he shall proceed ... duly filled in, to show that the market value of the property set forth in the instrument is the true market value, to the best
rates, set forth in the First Schedule."
11. Section 4 provides for determination of value for the purposes of duty. Under that section where ... that under Section 3 the duties of excise at the rates set forth in the First Schedule were to be levied and collected in such
property has not been truly and fully set forth in the instrument and the reasons therefore are set out in annexures to the said show ... show cause notice showing that the market value of the property has been truly and correctly set forth in the instrument. The first petitioner
