Registrar of Assurance & Anr v. ASL Vyapar Pvt ltd & Anr
Finin2min Judgment Intelligence is provided for general informational and educational purposes only. It is not legal, tax, accounting, investment or other professional advice and is not a substitute for advice on the user's specific facts. The Finin2min summary, Q&A, reliance profile, fact-match indicators, comparisons and practical takeaways are editorial analysis and are not part of the Court/Tribunal judgment. Before citing, filing, advising or acting on a case, read the complete official judgment/order, verify the cause title, case number, coram, date, applicable statutory text and jurisdiction, and check subsequent appellate history, review/SLP status and later amendments. A similar fact pattern does not guarantee the same outcome. No advocate-client, CA-client or other professional relationship is created by use of this page.
Case in 2 minutes
Registrar of Assurance & Anr Vs ASL Vyapar Pvt ltd & Anr (Supreme Court) Date-10th November, 2022 Sub- Whether Registrar while registering any immovable property ,the value of which has been determined in a court monitored public auction can apply the provisions of Section 47A of the Indian Stamp Act (West Bengal Amendment) Act, 1990 to allege undervaluation of the property and demand higher stamp duty? A three judges bench of Supreme Court in this case was dealing with an important issue regarding determination of valuation of a property which itself was arrived in a court monitored auction sale ,the price of…
Result: Disposed. The controlling text is the reasoning and operative order in the packaged judgment, not this editorial summary.
Case snapshot
Sections / provisions: 47A of Indian Stamp (West Bengal Amendment) Act 1990
Questions before the Court / Tribunal
- Registrar of Assurance & Anr Vs ASL Vyapar Pvt ltd & Anr (Supreme Court) Date-10th November, 2022 Sub- Whether Registrar while registering any immovable property ,the value of which has been determined in a court monitored public auction can apply the provisions of Section 47A of the Indian Stamp Act (West Bengal Amendment) Act, 1990 to allege undervaluation of the property and demand higher stamp duty? A three judges bench of Supreme Court in this case was dealing with an important issue regarding determination of valuation of a property which itself was arrived in a court monitored auction sale ,the price of…
- What factual, statutory and procedural conditions control the relief?
- How does the operative order apply to the parties and the challenged proceeding?
Material facts and procedural background
11. On the other hand, the State (appellant before us) submitted that
18. The appellant sought to assail the restriction on the power of the
of the appellant. The provisions are not dissimilar in the different
Appellant / assessee submissions
Respondents also submitted that the Statement of Objects and Reasons
11. On the other hand, the State (appellant before us) submitted that
It was submitted that a Court sale is a forced sale and notwithstanding the
Submission of the Respondents: 19. Learned counsel for the respondents sought to support the view of
Revenue / respondent submissions
Respondents also submitted that the Statement of Objects and Reasons
Court / Tribunal analysis and reasoning
It is settled law that an interpretation that limits or curtails
Operative decision and relief
by which the property has to be disposed of. We cannot lose sight of the
what we have opined herein and, thus, the appeals can stand disposed of
Source and subsequent history
Primary record: Official primary source verified and packaged
Later-history status: Review / curative petition docket: check pending
Supreme Court review and curative docket closure has not yet been evidenced.
Ratio and legal principle
- The packaged judgment addresses Registrar of Assurance & Anr Vs ASL Vyapar Pvt ltd & Anr (Supreme Court) Date-10th November, 2022 Sub- Whether Registrar while registering any immovable property ,the value of which has been determined in a court monitored public auction can apply the provisions of Section 47A of the Indian Stamp Act (West Bengal Amendment) Act, 1990 to allege undervaluation of the property and demand higher stamp duty? A three judges bench of Supreme Court in this case was dealing with an important issue regarding determination of valuation of a property which itself was arrived in a court monitored auction sale ,the price of…. The precise proposition must be read with the Court/Tribunal's reasoning and operative directions.
- Reliance depends on matching the statutory version, jurisdiction, procedural stage and material evidence recorded in the judgment.
Why this judgment matters
This decision is relevant to practitioners and affected parties dealing with registrar of assurance & anr vs asl vyapar pvt ltd & anr (supreme court) date-10th november, 2022 sub- whether registrar while registering any immovable property ,the value of which has been determined in a court monitored public auction can apply the provisions of section 47a of the indian stamp act (west bengal amendment) act, 1990 to allege undervaluation of the property and demand higher stamp duty? a three judges bench of supreme court in this case was dealing with an important issue regarding determination of valuation of a property which itself was arrived in a court monitored auction sale ,the price of… Its value lies in showing how the adjudicating forum connected the applicable rule to the proved facts and procedural posture.
Practitioner action points
- Match the statutory version, jurisdiction, procedural stage and decisive evidence before relying on the result.
- Verify current appellate, review and SLP history and any later amendment or controlling authority.
- Attach the complete judgment to the working paper or filing and cite the paragraph/page supporting the proposition.
Can I rely on this judgment?
| Authority level | Supreme Court |
|---|---|
| Source integrity | Sanitized mirror generated from the verified official Supreme Court PDF |
| Repository release | Published |
| Reliance rule | Verify current history and cite the judgment's narrow proposition, not the editorial headnote. |
Does this case match your facts?
Stronger match when
- The same primary issue is raised.
- The same statutory version and jurisdiction apply.
- The procedural stage and burden of proof are comparable.
- The material documentary record is substantially similar.
Weaker / distinguishable when
- A later higher-court ruling changes the position.
- The statutory provision or relevant period differs.
- The evidence or procedural chronology is materially different.
- A defect decisive here was cured in the user's case.
Questions this judgment answers
What was the main dispute in Registrar of Assurance & Anr v. ASL Vyapar Pvt ltd & Anr?
Registrar of Assurance & Anr Vs ASL Vyapar Pvt ltd & Anr (Supreme Court) Date-10th November, 2022 Sub- Whether Registrar while registering any immovable property ,the value of which has been determined in a court monitored public auction can apply the provisions of Section 47A of the Indian Stamp Act (West Bengal Amendment) Act, 1990 to allege undervaluation of the property and demand higher stamp duty? A three judges bench of Supreme Court in this case was dealing with an important issue regarding determination of valuation of a property which itself was arrived in a court monitored auction sale ,the price of…
Which facts matter most?
11. On the other hand, the State (appellant before us) submitted that
What did the Supreme Court decide?
what we have opined herein and, thus, the appeals can stand disposed of
What legal principle can be taken from the judgment?
The packaged judgment addresses Registrar of Assurance & Anr Vs ASL Vyapar Pvt ltd & Anr (Supreme Court) Date-10th November, 2022 Sub- Whether Registrar while registering any immovable property ,the value of which has been determined in a court monitored public auction can apply the provisions of Section 47A of the Indian Stamp Act (West Bengal Amendment) Act, 1990 to allege undervaluation of the property and demand higher stamp duty? A three judges bench of Supreme Court in this case was dealing with an important issue regarding determination of valuation of a property which itself was arrived in a court monitored auction sale ,the price of…. The precise proposition must be read with the Court/Tribunal's reasoning and operative directions. Reliance depends on matching the statutory version, jurisdiction, procedural stage and material evidence recorded in the judgment.
Which provisions should be checked?
47A of Indian Stamp (West Bengal Amendment) Act 1990
When is the case most useful?
When the user's facts raise the same issue - Registrar of Assurance & Anr Vs ASL Vyapar Pvt ltd & Anr (Supreme Court) Date-10th November, 2022 Sub- Whether Registrar while registering any immovable property ,the value of which has been determined in a court monitored public auction can apply the provisions of Section 47A of the Indian Stamp Act (West Bengal Amendment) Act, 1990 to allege undervaluation of the property and demand higher stamp duty? A three judges bench of Supreme Court in this case was dealing with an important issue regarding determination of valuation of a property which itself was arrived in a court monitored auction sale ,the price of… - at a comparable procedural stage and under the same statutory version.
What could distinguish the case?
Different evidence, jurisdiction, statutory period, procedural chronology, or later controlling authority can materially change the result.
Can it be cited without another current-law check?
No. Read the packaged judgment and verify current appellate/review/SLP history, statutory amendments and jurisdiction before citation or advice.
Section / provision impact
- 47A of Indian Stamp (West Bengal Amendment) Act 1990 - apply the exact version considered in the judgment.
Case network
Similar issue / useful comparison
- JM Financial Ltd. v. Dy. CIT - ITAT Mumbai - F Bench
- Mrs. Usha Eswar v. ITO - Court / Tribunal to be verified
- Adityaraj Builders v. State of Maharashtra - Bombay High Court
Different outcome / possible distinction
- Reetu Devi Nanecha Vs ITO TDS - Quashed / set aside
- Zainul Abedin Ghaswala v. NFAC - Operative order controls
Related Finin2min resources
Full judgment and source control
Read / download packaged judgment record
Source class: Sanitized official primary judgment copy · Repository status: Published
Finin2min Judgment Intelligence is provided for general informational and educational purposes only. It is not legal, tax, accounting, investment or other professional advice and is not a substitute for advice on the user's specific facts. The Finin2min summary, Q&A, reliance profile, fact-match indicators, comparisons and practical takeaways are editorial analysis and are not part of the Court/Tribunal judgment. Before citing, filing, advising or acting on a case, read the complete official judgment/order, verify the cause title, case number, coram, date, applicable statutory text and jurisdiction, and check subsequent appellate history, review/SLP status and later amendments. A similar fact pattern does not guarantee the same outcome. No advocate-client, CA-client or other professional relationship is created by use of this page.