https://www.taxtmi.com/caselaws?id=460698 For stamp valuation, the relevant date is the date of execution of the instrument, and the property must be assessed according to its existing nature and use on that date. Agricultural land executed and registered as such could not be valued on the basis of possible future non-agricultural or residential use, so a reference under section 47A of the Indian Stamp Act on that footing was not sustainable; the Collector's valuation, deficient duty demand, registration charges and penalty were set aside. en-us Tue, 27 Sep 2016 00:00:00 +0530 Tue, 11 Feb 2025 21:16:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460698 For stamp valuation, the relevant date is the date of execution of the instrument, and the property must be assessed according to its existing nature and use on that date. Agricultural land executed and registered as such could not be valued on the basis of possible future non-agricultural or residential use, so a reference under section 47A of the Indian Stamp Act on that footing was not sustainable; the Collector's valuation, deficient duty demand, registration charges and penalty were set aside. Case-Laws Indian Laws Tue, 27 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460698