https://www.taxtmi.com/caselaws?id=313404 In proceedings under Section 47A of the Indian Stamp Act, the Collector must determine true market value on the date of execution after hearing the parties and conducting a proper enquiry. Circle rate is only one relevant factor and cannot be treated as conclusive; comparable sale deeds, property size, location and other market factors must also be considered. If the Collector relies on sale deeds or similar material, fairness requires disclosure to the affected party so it can answer the valuation basis. A mechanical valuation based solely on circle rate, without examining comparables and relevant circumstances, is impermissible and cannot be sustained. en-us Fri, 15 Nov 2019 00:00:00 +0530 Thu, 11 Apr 2024 13:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313404 In proceedings under Section 47A of the Indian Stamp Act, the Collector must determine true market value on the date of execution after hearing the parties and conducting a proper enquiry. Circle rate is only one relevant factor and cannot be treated as conclusive; comparable sale deeds, property size, location and other market factors must also be considered. If the Collector relies on sale deeds or similar material, fairness requires disclosure to the affected party so it can answer the valuation basis. A mechanical valuation based solely on circle rate, without examining comparables and relevant circumstances, is impermissible and cannot be sustained. Case-Laws Indian Laws Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313404