Jurisdiction of Collector of Stamps for valuing property not permissible

Nuvoco Vistas Corporation Limited Vs State of Chhattisgarh Through The Secretary (Chhattisgarh High Court) Chhattisgarh High Court held that questioning jurisdiction and authority of collector of Stamps for market value of property transferred under Income Tax Act not permissible since already accepted by petitioner. Accordingly, writ appeal sans merit is dismissed. Facts- The Respondent No. 3 owned a Cement Plant. The Petitioner No. 1 decided to purchase the said Cement Plant under the terms and conditions settled between them. It was agreed by the parties that the immovable properties would ...