https://www.taxtmi.com/caselaws?id=193642 The Supreme Court set aside the High Court's judgment, emphasizing the limited jurisdiction under Article 227 of the Constitution. It held that the High Court erred in presuming the genuineness of the sale price, which led to under-valuation of the instrument and evasion of stamp duty. The Court directed the respondent to pay the deficient stamp duty as determined by the District Collector, aligning with the circle rates to prevent tax evasion. The appeal was allowed, and the order of the District Collector was restored, with the parties instructed to bear their respective costs. en-us Tue, 09 Mar 2010 00:00:00 +0530 Thu, 10 Aug 2017 12:53:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193642 The Supreme Court set aside the High Court's judgment, emphasizing the limited jurisdiction under Article 227 of the Constitution. It held that the High Court erred in presuming the genuineness of the sale price, which led to under-valuation of the instrument and evasion of stamp duty. The Court directed the respondent to pay the deficient stamp duty as determined by the District Collector, aligning with the circle rates to prevent tax evasion. The appeal was allowed, and the order of the District Collector was restored, with the parties instructed to bear their respective costs. Case-Laws Indian Laws Tue, 09 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193642