https://www.taxtmi.com/caselaws?id=798621 Section 47-A(1) of the Indian Stamp Act permits a valuation enquiry where there is reason to believe that market value or consideration has not been truly stated. Its text does not expressly require wilful undervaluation or fraudulent intent to evade stamp duty. Treating fraudulent intent as an independent jurisdictional condition may conflict with literal construction of a taxing statute and restrict valuation-based scrutiny. However, binding three-Judge Bench precedent had imposed that requirement. The conflict over the correctness of that precedent was referred to a larger Bench, without a final determination of stamp-duty liability or the notice's validity. en-us Mon, 07 Sep 2026 00:00:00 +0530 Thu, 10 Sep 2026 08:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798621 Section 47-A(1) of the Indian Stamp Act permits a valuation enquiry where there is reason to believe that market value or consideration has not been truly stated. Its text does not expressly require wilful undervaluation or fraudulent intent to evade stamp duty. Treating fraudulent intent as an independent jurisdictional condition may conflict with literal construction of a taxing statute and restrict valuation-based scrutiny. However, binding three-Judge Bench precedent had imposed that requirement. The conflict over the correctness of that precedent was referred to a larger Bench, without a final determination of stamp-duty liability or the notice's validity. Case-Laws Indian Laws Mon, 07 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798621