https://www.taxtmi.com/caselaws?id=179264 Market-value determination for stamp duty under Section 47-A must rest on relevant material and a fair, rational inquiry. Minimum values prescribed by the Stamp Rules are not conclusive, but any higher valuation requires proper consideration of comparable transactions, the building's age and construction quality, and other relevant property characteristics. Speculative assumptions regarding locality or rental value, without adequate factual support, render the valuation arbitrary. Such an unsupported assessment cannot sustain additional stamp duty or penalty. en-us Tue, 09 Jul 1996 00:00:00 +0530 Wed, 24 Feb 2016 17:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179264 Market-value determination for stamp duty under Section 47-A must rest on relevant material and a fair, rational inquiry. Minimum values prescribed by the Stamp Rules are not conclusive, but any higher valuation requires proper consideration of comparable transactions, the building's age and construction quality, and other relevant property characteristics. Speculative assumptions regarding locality or rental value, without adequate factual support, render the valuation arbitrary. Such an unsupported assessment cannot sustain additional stamp duty or penalty. Case-Laws Indian Laws Tue, 09 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179264