SC Ruling Upholding Valuation of Property in Court Monitored Public Auction

Registrar of Assurances Vs ASL Vyapar Private Ltd. (Supreme Court of India) Relevance: Stamp duty -Valuation of immovable property in West Bengal. Sub- Whether Registrar while registering any immovable property ,the value of which has been determined in a court monitored public auction can apply the provisions of Section 47A of the Indian Stamp Act (West Bengal Amendment) Act, 1990 to allege undervaluation of the property and demand higher stamp duty? A three judges bench of Supreme Court in this case was dealing with an important issue regarding determination of valuation of a property which ...