believing, that the market value set forth in the instrument has not been truly so set forth. If this precondition of a reasonable belief ... find out, prima fade, whether the market value set out in the instruments had been set forth correctly. The guidelines were not intended
satisfied that the market value or the consideration has been truly set forth in the instrument, subject to his making reference under sub-section ... years immediately proceeding the date of execution of any instrument setting forth such market value, or on the basis of any Court decision. information, report
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
instrument.
(ii) Exchange of immoveable property. The value of the property of the greater value, as set forth in the instrument.
(iii) Gift of immoveable ... property. The value of the property as set forth in the instrument.
(iv) Mortgage with possession of immoveable property. The amount secured by the mortgage
Dcit - 1 (1) (2), Mumbai vs Forbes & Company Ltd., Mumbai on 17 March, 2023
Mousumi Roy(singally).
7) That the residential flat, purchased at set forth value of Rs. 21,43,700/- was registered in the
name
Sale of immovable property
The amount or value of the consideration for the sale as set forth in the instrument.
Exchange of immovable property ... value of the property of the greater value, as st forth in the instrument.
Gift of immovable property
The value of the property, as set
reason to believe that the market value of the property has not been truly set forth in the instrument, he may refer the same ... find out, prima facie, whether the market value set out in the instruments had been set forth correctly, The guidelines were not intended
value of the property. Under such circumstances, it cannot be said that the market value of the property has not been truly set forth since ... Government Department, certainly there is no possibility for not setting forth the true market value in the instrument. Under such circumstances, there is no justification
reason to believe that the market value of the property has not been truly set forth in the instrument, he may refer the same ... find out, prima facie, whether the market value set out in the instruments had been set forth correctly. The guidelines were not intended
