https://www.taxtmi.com/caselaws?id=314189 A quasi-judicial determination under Section 47-A of the Stamp Act attains finality once the parties are heard and the market value and proper stamp duty are decided. In the absence of an express statutory provision, the Collector cannot reopen, review, or cancel that completed adjudication merely because a later objection or higher offer is made, and no inherent review power can be assumed. As the original reference had already concluded that the sale consideration reflected the true value, the later cancelling order and the consequential demand for additional duty and penalty were without jurisdiction and were liable to be quashed. en-us Mon, 11 Jul 1988 00:00:00 +0530 Thu, 23 May 2024 10:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314189 A quasi-judicial determination under Section 47-A of the Stamp Act attains finality once the parties are heard and the market value and proper stamp duty are decided. In the absence of an express statutory provision, the Collector cannot reopen, review, or cancel that completed adjudication merely because a later objection or higher offer is made, and no inherent review power can be assumed. As the original reference had already concluded that the sale consideration reflected the true value, the later cancelling order and the consequential demand for additional duty and penalty were without jurisdiction and were liable to be quashed. Case-Laws Indian Laws Mon, 11 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314189