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Corporate Law

Non consideration of sale value approved by Charity Commissioner by Collector of Stamps in adverting value of trust property was not justified

Case Law Details

Case Name
Crystal Construction Company Vs Additional Controller of Stamps (Bombay High Court)
Date of Judgement/Order
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Crystal Construction Company Vs Additional Controller of Stamps (Bombay High Court) Conclusion: Collector of Stamps committed a manifest error in not at all adverting to the fact that the Charity Commissioner had determined the value of the trust property by following requisite process to ensure the best value, and determining the market value of the trust property on the sole premise that there was a vast difference in the value determined by the Deputy Director and the value at which the Charity Commissioner accorded sanction for sale.Therefore,  the court remitted back the matter to the Co...
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