https://www.taxtmi.com/caselaws?id=460699 For stamping of a partition deed, the chargeable value must be determined by reference to the law and market value prevailing on the date of execution, not the later date of presentation for adjudication. The Court treated the earlier directions as permitting the deed to be used for the limited collateral purpose of proving partition after payment of duty and penalty, and found the later valuation based on the presentation date inconsistent with that position. The impugned orders and communications fixing or refusing fresh valuation on the later date were therefore quashed, and the authorities were required to proceed on the execution-date valuation. en-us Wed, 15 May 2019 00:00:00 +0530 Tue, 11 Feb 2025 21:16:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460699 For stamping of a partition deed, the chargeable value must be determined by reference to the law and market value prevailing on the date of execution, not the later date of presentation for adjudication. The Court treated the earlier directions as permitting the deed to be used for the limited collateral purpose of proving partition after payment of duty and penalty, and found the later valuation based on the presentation date inconsistent with that position. The impugned orders and communications fixing or refusing fresh valuation on the later date were therefore quashed, and the authorities were required to proceed on the execution-date valuation. Case-Laws Indian Laws Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460699