Amendment status not verified — confirm the current text below against the official source.
In the Princi-xiAct. aft^r s^ction 47, the following section cha!! he inserter), insertion of new section 47A. "instruments under valued how to be dealt with. J ' /•','the value or consideration has not been ;...truly set forth, in the instrument, he may determine the value or consideration and \ '. •the ditty aforesaid in accordance v/ith the procedure provided for in sub-section (2), rand the deficient amount of duty, if any, v' •shall be payable the person liable to pay the duty and, on the payment of such duty, the Collector shall endorse a certificate of •.such payment on the instrument under his '- • :seal and signature. >'• ''•"(4) Any, person aggrieved by an order of the Collector under sub-section (2) or sub section (3) may appeal to the District Court within whose jurisdiction the property transferred is situated. (5)An appeal under sub-section (4) shall be filed'within thirty days of the date of the order sought to be appealed against. (6)The Disiridt Court shall hea>-and . • ... dispose of the appeal in such manner as may be prescribed by rules under this Act. Explanation. - For the purpose of this section, value of-any property shall be estimated to be the price which in the opinion of the Collector or the appellate authority, as the case may be, such property would have fetched, if sold in the open market on the date of execution of the :instrument relating to the transfer of such V.1 -property". Repeal and savings 4.(1) The Indian Stamp (Delhi Second Amendment) Ordinance, 2001 (1 of 2001) is hereby repealed. •-? Delhi S.ehiU. rtRi: Under Notwithstanding such repeal, anything done or any action taken under the principal Act, as amended by the said Ordinance, shall be deemed to have been done or taken under the principal Act as amended by this Act.