nature that market value of property in question was allegedly more than Rs.97
Lakhs and since the petitioner has treated value of property ... property
which is subject matter of instrument has been set forth less than minimum value,
determined in accordance with rules under the Indian Stamp
that the Collector had reason to believe, that the value had not been properly set forth in the instrument as per market value ... Rules, provide as follows:
"Facts to be set forth in an instrument.-In case of an instrument relating to immovable property chargeable with
gift is taxable to stamp duty on the value of the property as set-forth in the instrument, that is to say, at the same
when the market value of the property, which
is the subject matter of the conveyance, has not been
truly set forth, it is open
when the market value of the property, which
is the subject matter of the conveyance, has not been
truly set forth, it is open
when the market value of the property, which
is the subject matter of the conveyance, has not been
truly set forth, it is open
Authorized Officer is liable for
stamp duty on the market value as per Article 18-C
read with Article 23 of Schedule ... believe that the market value of the property, which is
the subject matter of conveyance, has not been truly set-
forth in the instrument
chargeable with an ad valorem
duty on the market value of the property as set forth
in the instrument, the registering officer has, while
registering ... instrument, reasons to believe that the
market value of the property has not been truly set
forth in the instrument, he may either before
value or
consideration. If the Collector, after such examination, has reasons to
believe that the value or consideration has not been truly set forth
value of the consideration of such conveyance as set forth therein or the market value of the immovable property which is the subject of such ... movable property where the amount or value of the consideration of such conveyance as set forth therein does not exceed
