Supreme Court · 2009 INSC 748 · Decided 8 May 2009
V.N. Devedoss v. Chief Revenue Control OFFICER-CUM-INS. and ORS.
- Court
- Supreme Court of India
- Citation
- 2009 INSC 748 · [2009] 8 S.C.R. 1043
- Case number
- CIVIL APPEAL No. 3411/2009
- Decided
- 8 May 2009
- Bench
- ARIJIT PASAYAT, D.K. JAIN, MUKUNDAKAM SHARMA (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act; Stamp Act Section 47, 47A, 5
Headnote
Stamp Act, 1899: s. 47-A - Basis of exercise of power c undt3r s. 47-A is willful undervaluation of subject of transfer · " with fraudulent intention to evade payment of proper stamp duty - On facts, property belonging to sick company disposed of by orders on the basis of value fixed by "' Assets Sales Committee consisting of members such as D repr•3sentatives of IDBI, Debenture holders, Government of West Bengal and Special Director of BIFR - Said property was offered for sale in open market and bids were invited - That being so there
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