Supreme Court of India
Shanti Bhushan (d) Thr. Lr. & Ors v. State of U.P. and Ors
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
Stamp Act,1899 – ss.31,32, 47- and Art. 23 of the Schedule IB – Market Value of property – Determination of – prope rty was purchased by the appellants under a registered sale deed from the vendor – Appellants were already in possession land as tenants – The appellants calculated Rs.6,67,200/-as the market value of the property and paid the stamp duty quantified at Rs. 46, 700/- – The Assistant Stamp Collector, held that the market val ue of the land will have to be calculated at the rate of Rs. 24,000/per sq. met er – Thus, on the date of the sale deed, the market valu e of the sale deed
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