https://www.taxtmi.com/caselaws?id=259448 A stamp duty determination under Section 47A of the Indian Stamp Act cannot be sustained unless the authority first records a reasoned satisfaction that the instrument understates value, gives notice and hearing, and conducts the inquiry required by law. The order cannot be justified later by affidavit, and mere reliance on prevailing circle rates is insufficient where the authority has not examined undervaluation, fraudulent intent, or the relevant date of valuation. The impugned determination was set aside and the matter remitted for fresh adjudication after full opportunity to the affected party. en-us Mon, 05 Jan 2015 00:00:00 +0530 Fri, 08 May 2015 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259448 A stamp duty determination under Section 47A of the Indian Stamp Act cannot be sustained unless the authority first records a reasoned satisfaction that the instrument understates value, gives notice and hearing, and conducts the inquiry required by law. The order cannot be justified later by affidavit, and mere reliance on prevailing circle rates is insufficient where the authority has not examined undervaluation, fraudulent intent, or the relevant date of valuation. The impugned determination was set aside and the matter remitted for fresh adjudication after full opportunity to the affected party. Case-Laws Indian Laws Mon, 05 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259448