V.N. Devadoss vs Chief Rev. Control Officer-Cum-Ins.& ...

The Supreme Court addressed the appeal against the Madras High Court's order under Section 47-A of the Indian Stamp Act, 1899, concerning the valuation of land sold by Dunlop India Limited. The Court held that the sale was valid and conducted in accordance with the Sick Industrial Companies (Special Provisions) Act, 1985, and that the authorities lacked jurisdiction to reassess the market value without a personal hearing. Consequently, the Court set aside the order demanding additional stamp duty, affirming the appellant's position regarding the sale price.