Subs by Act 5 af 2013 — THE INDIAN STAMP ACT, 1899 (2 of 1899)

2. Subs by Act 5 af 2013 roperty would have fetched or would fetch, if sold, in f the instrument of conveyance, exchan ution O the open nge, gift, case may be, stent market on the date of ttlement. have fetched or would fetch, if sold, in the open f the instrument of conveyance, exchange, gift, ; roperty w case may be, stent market on the date of execution O iti ttlement. G) efore filing an appeal u ke iti it( date of ttlement. fore filing ; ie case may be, stent market on the date of execution O iti ttlement. ; Parit(G) Before filing an appeal under sub-section (4), the aggrieved party ne payable gerne C ae uty chargea a shall on (4), the aggrieve pa gerne C ae uty chargeable ee alia) [tls SOF eran Wabie ty as det market value of the proper'y 7) If after determination of the proper ave deliberately conealed the actual va on 7) If after determination of the proper sunies ave deliberately conealed the actual description ty orany other facts and circu mstances f the Indian Stamp of property or tne market affecting the chargeability etermination erately conealed the actual description of property or tne market ty orany other facts and circu mstances affecting the chargeability ired iader section-27 of the Indian Stamp Act, 1899 [as amended r in See ier sunies ave ty orany other facts and circu mstan of the Oty aerequired iader section-27 of the Indian by Indian Stamp (Bihar Amendment) Act, 1988], the i ces affecting the chargeability Stamp Act, 1899 [as amended sole or in See ier of the Oty aerequired iader section-27 of the Indi by Indian Stamp (Bihar Amendment) Act, 1988], appeal has been filed, the appellate authority, may n Stamp Act, 1899 [as amended the sole or in See ier mpose a ine equal to 10% (ten by Indian Stamp (Bihar Amendment) Act, 1988], appeal has been filed, the appellate authority, may rcent) amount of the deficient stamp duly. the sole or in See ie impose a ine equal to 10% (ten appeal has been filed, the appellate auth percent) amount of the deficient stamp duly. appeal is not filed under sub-sec Parit(G) Befor f deposit 50% (fifty percent) amount of ne payable ty as determ| on the market value of the proper'y OE t of ne payabl ty as determ| y O he proper uty ee e deposit 50% (fifty percent) amount o ty on the market value of the proper'y 7) If after determination of the able gerne C ae uty chargeable m| ee OE alia) [tls SOF eran Wabie va e e amount of the deficient stamp duly. days of such order. Fg euuplesas ext (10) If the amount of deficient stamp duty is not paid within sixty days from te of the order of the Collector in case an appeal is not filed against the said the (10) If the amount of deficient stamp duty is not paid within sixty days the date of the order of the Collector in case an appeal is not filed against the order, or within sixty days from the date of the order of the appellate authority as inte from said the ( the date of the order of the Collector in case an appeal is not filed against the s order, or within sixty days from the date of the order of the appellate authority as case may be, the amount of deficient stamp duty along with the amount of inter Act."] aid the st the date order, or within sixty days from the date of the order of the appellate authority as the case may be, the amount of deficient stamp duty along with the amount of interest shall be recovered by the collector as prescribed under Section-48 of the Act."] order, case may be, the amount of deficient stamp duty along with the amount of intere shall be recovered by the collector as prescribed under Section-48 of the Act."] Comments and Case law duty tor. (9) if an appeal is filed as prescribed in sub-section (4) of section-47A, rate of 5% (five percent) per month shall be payable from the date of th id (9) if an appeal is filed as prescribed in sub-section (4) of section at the rate of 5% (five percent) per month shall be payable from the date the appellate authority for deposit of deficient stamp duty if it is not 7A, inter of the order d within at the rate of 5% (five percent) per month shall be payable from of the appellate authority for deposit of deficient stamp duty if it sixty days of such order. Fg euuplesas date of the ord is not paid within of the appellate authority sixty days of such order. If the amount Fg d euuplesas thin ext i llector as pres Comments and Case law every execut articular functionay. Chamkaur Singh vs. State of Punjab, AIR 4991 The correctness of the valuation can be examined by the Collector also as he ioneee to do the same. Tineshwar Dayal vs. Maheshwar Dayal, AIR 1990 SC The correctness of the valuation can be examined by the Collector also as he fe auioneee to do the same. Tineshwar Dayal vs. Maheshwar Dayal, AIR 1990 SC Comments and Case law [This section is applicable in Punjab, every executive action if it is to operate rejudice of any person must be supported by some legislative authority. No [This section is applicable in Punjab, every executive action if it is to opera to the prejudice of any person must be supported by some legislative authority. No guidline can possibly be issued or laid down for controlling the Quasi Judicial decision to the prejudice of any person must be supported by some legislative authority. No guidline can possibly be issued or laid down for controlling the Quasi Judicial decision particular functionay. Chamkaur Singh vs. State of Punjab, AIR 4991 P&H 26. guidline can possibly be issued or laid down for controlling the Quasi Judicial of a particular functionay. Chamkaur Singh vs. State of Punjab, AIR 4991 P&H 26. The correctness of the valuation can be examined by the Collector also as he The Vendee alone is liable to pay the deficit stamp duty in respect of sale where after reference to Collector under section 47 A(1) it appears that the The Vendee alone is liable to pay the deficit stamp duty in respect of sale deed, where after reference to Collector under section 47 A(1) it appears that the alue of the property had not been truly set forth in the instrument at the time of deed, where after reference to Collector under section 47 A(1) it appea value of the property had not been truly set forth in the instrument at the time of egistration. Collector's action in issuing notice to the vendee alone is proper and value of the property had not been truly set forth in the instrument at the time of registration. Collector's action in issuing notice to the vendee alone is proper and s no infraction of law, Hadibandhi Sahu vs. A.D.M., AIR 1991 Orissa 284. registration. Collector's action in issuing notice to the vendee alone is proper a there is no infraction of law, Hadibandhi Sahu vs. A.D.M., AIR 1991 Orissa 284. e of property varies from place to place or even from locality to locali . State of Punjab vs. Mahabir Singh, (1996) 1 SCC 609,

Section 2