Amendment status not verified — confirm the current text below against the official source.
(4) Any person aggrieved by an order of the Collector under sub-section (2) or sub- section (3) may prefer an appeal to the Civil Judge or appropriate jurisdiction and all such appeals shall be preferred within such time and shall be heard and disposed of in such manner as may be prescribed. Explanation :- For the purpose of this Act, market value of any property shall be estimated to be the price which in the opinion of the Collector or the Civil Judge Senior Division, as the case may be, such property would have fetched or would fetch, if sold in the open market on the date of execution of the instrument of conveyance, exchange or gift. · Substitution