Registration Act, 1908, Section 47A -- Deficient stamp duty - Limitation to initiate proceedings is three years - Audit note raising objection regarding deficient stamp duty does not amount to initiation of the proceedings for recovery of deficient stamp duty - Proceedings for recovery of deficient duty are to be initiated within three years of registration of deed...........
Stamp Act, 1899, Section 47A -..........
Stamp Duty (Haryana Amendment) Act, 1978, Stamp Act, 1899, Section 47A -- Sale of property which was under lease for 22 years - As per government instructions, if property was under tenancy for a period of more than 12 years, but less than 30 years, only one third of stamp duty was payable - State contended that it is only when possession is with purchaser, stamp duty is..........
Stamp Act, 1899, Section 47A -- Bond - Executed on stamp paper of Rs.15/- and registered - Audit objection - Show cause notice to recover stamp duty of Rs.12.73 lacs on the basis of audit objection chargeable on bond - Sub Registrar holding objection of audit party as justified - Petitioner filed suit for permanent injunction to put restrain on Sub Registrar and Collector..........
Stamp Act, 1899, Section 47A -- Purchase of property in public auction conducted by Bank under the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - Refusal to register sale deed - Proceedings u/s 47-A of the Act initiated - Held, for exercise of powers u/s 47-A of the Act wilful under valuation of property..........
Stamp Act, 1899, Section 47A -- Deficient stamp duty - Sale deed duly registered - Subsequently Joint Sub Registrar forwarded letter to Collector that sale deeds bear deficient stamp duty and that stamp duty is recoverable u/s 47-A of the Act - Collector summoned petitioner and passed order of recovery of the alleged deficient stamp duty on the ground that the sale..........
Stamp Act, 1899, Section 47A -- Stamp duty - Determination of market value - Registering Officer, after registration of instrument, can refer the document to collector if he has reason to believe that there is intentional under valuation - But this cannot be done mechanically - Registering Officer to apply mind to record prima facie finding that there is an under..........
Stamp Act, 1899, Section 47A -- Sale instrument - Determination of market value - Circle rate or Collector's rate as determined in State of Punjab in a manner as laid under Rule 3-A shall form basis for determination of market value - Such rates shall normally be one as exists on the date of execution of sale deed and not on the date of agreement or date of allotment...........
Stamp Act, 1899, Section 47A(3), 56(1A) -- Market value of property - Determination - Principle for payment of land compensation under Land Acquisition Act has to be applied - Determination of market value not done so - Impugned order determining market value is unsustainable - Matter remanded for decision afresh...........
Stamp Act, 1899, Section 47A -- Stamp Duty - Assessment - It is the market value of the property on the date of presentation of instrument for its registration which is material for the purpose of paying the stamp duty...........
