is constitutionally valid and the insertion of section 47A by the — THE INDIAN STAMP ACT, 1899 (2 of 1899)

Section 47A is constitutionally valid and the insertion of section 47A by the in the lagisetiver 1988 an its anendment by Bihar (Amendment) Act, 1991 nally valid and the insertion of section 47A by the alt in the lagisetiver 1988 an its anendment by Bihar (Amendment) Act, 1991 is wit c Legislature, Umesh Thakur vs. is withi State of competence of the PL ey i s is withi competence State of Bihar, 1994 (1) PL ey ment by Bihar (Amendment) Act, 1991 i State Legislature, Umesh Thakur vs. Constitutional validity — Section 47A was inserted by Bihar (Amendment) of 1988 and was further amended by Indian Stamp 'Bihar Amendmen A Constitutional validity — Section 47A was inserted by Bihar (Amendment) Act 15 of 1988 and was further amended by Indian Stamp 'Bihar Amendment) Act, 1991. In terms of the 1991 Amendment Act, in sub-section (1) of section 47A, after dian Stamp 'Bihar Amendment) Act, 1991. In terms of the 1991 Amendment Act, in sub-section (1) of section 47A, after the words "that the market value of the proper which is the subje matte of such dment section tion A, er the words "that the market value of the property which is the subject matter of such instrument has not been rightly set forth in the instrument the following words were the words "that the market value of the property which is the subject matter of such instrument has not been rightly set forth in the instrument the following words were inserted "of which is less than the value calcu in term of the Rul fra ent rument lowing rds re inserted "of which is less than the value calculated in terms of the Rules framed under the Act." The legislative power conferred on State under Entry 44 of List II of inserted "of which is less than the value calculated in terms of the Rules framed under the Act." The legislative power conferred on State under Entry 44 of List II of Seventh Schedule of the Constitution is a wide one. State Legislature must be held under the Act." The legislative power conferred on State under Entry 44 of List II of Seventh Schedule of the Constitution is a wide one. State Legislature must be held to have power to enact legislat coverin the entire field of Stamp duty. Provi h ule itution e islature st ld to have power to enact legislation covering the entire field of Stamp duty. Provisions of section 47A having been enacted in order to neutralise the effect of under-valuation to have power to enact legislation covering the entire field of Stamp duty. Provisions of section 47A having been enacted in order to neutralise the effect of under-valuation of instrument must be held to be valid and within the legislat compe of se valuation of instruments, must be held to be valid and within the legislative competence of Bihar Legis Ume Tha vs. Sta of Bi 19 (1 P