suppressed. I will first examine the first ground of objection, namely, the undervaluation of the properties and the consequent sales thereof at inadequate prices ... first time raised the objection that the properties were undervalued in the sale proclamation. Under Order XXr, Rule 66 the Court is required to give
appropriate authority reached the tentative conclusion that the transaction has been undervalued and, therefore, the transferees addressed a letter to the appropriate authority dated March ... reasons for reaching the tentative conclusion that the transaction has been undervalued have not been disclosed. A grievance was made that in the absence
them, the transactions, in question, nor come
within the meaning of 'undervalued transactions' for taking action under
Section 45 , nor can be termed ... question, come within the meaning of
'preferential transaction', 'undervalued transaction' and 'fraudulent
transaction' made by the 'Corporate Debtor
chose the forum
for filing his suit in a Court and undervalue the suit for
purposes of court fees so as to confer jurisdiction ... alia, that the plaint shall be rejected
where the relief claimed is
undervalued and the plaintiff, on
being required by the Court to
correct
objection having been raised by the defendants 1st party regarding undervaluation of the suit lands, the learned Munsif, after taking evidence and hearing the parties ... raised by the Serishtedar of the Munsif's court regarding undervaluation of the suit.
When an objection was raised by the defendants 1st party
available FSI i.e. 56,473 sq ft. thus showing an
unwarranted undervaluation.
8. Moreover, as rightly contended by Shri Mohta the authorities have
treated ... mtrs
whereas the subject land which is said to have been undervalued is 2,024 sq
mtrs. It is well known that the price
them were rejected by the assessing authority holding that the purchases were undervalued with a view to lessening tax liability. The assessments were completed ... Commissioner. He upheld the finding of the assessing authority that there was undervaluation. But, he reduced the rate adopted by the assessing authority
Registrar impounded the Document on the ground that the Document was undervalued and therefore not duly stamped under Section 33 of the Karnataka Stamp ... held that the Document has been deliberately undervalued to evade payment of higher Stamp Duty and thus the Document is not duly stamped. Hence
because the Appropriate Authority had not given any finding that the alleged undervaluation was done with a view to evade tax.
4. The learned counsel ... land in question and, therefore, there was no question of any undervaluation.
5. The learned counsel for the petitioners then submitted that the impugned order
property was conveyed and there cannot be any proceedings relating to 'undervaluation' in regard to the deeds of conveyance executed by statutory authorities ... payment of proper duty; and the Deputy Commissioner for Detection of Undervaluation of Stamps has no jurisdiction to hold an enquiry and assess the market
