https://www.taxtmi.com/caselaws?id=308952 The Supreme Court held that Section 47A of the Indian Stamp Act does not apply to public auctions conducted through court processes. It emphasized the transparency and accuracy of court auctions in determining the market value of properties, rejecting the Registering Officer's authority to reassess values. The Court dismissed the appeals and affirmed that undervaluation prevention under Section 47A does not extend to court-monitored sales. The decision highlighted the fairness and transparency of court auctions in establishing true market values, ultimately upholding the lower court's judgment. en-us Thu, 10 Nov 2022 00:00:00 +0530 Wed, 02 Aug 2023 21:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308952 The Supreme Court held that Section 47A of the Indian Stamp Act does not apply to public auctions conducted through court processes. It emphasized the transparency and accuracy of court auctions in determining the market value of properties, rejecting the Registering Officer's authority to reassess values. The Court dismissed the appeals and affirmed that undervaluation prevention under Section 47A does not extend to court-monitored sales. The decision highlighted the fairness and transparency of court auctions in establishing true market values, ultimately upholding the lower court's judgment. Case-Laws Indian Laws Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308952