Joint CEO of MHADA in dock for undervaluing land in 2012, causing stamp duty loss
India, May 21 -- Joint chief executive officer of MHADA Vandana Suryavanshi is facing a departmental inquiry in a faulty adjudication case that caused a loss of Rs.49.31 crore in stamp duty to the state exchequer. The issue dates back to 2012, when, as the district stamp duty officer in Pune, she allegedly assessed a land parcel at a rate much lower than its market value.
An audit conducted later by the Mumbai office of the stamp duty department found a shortfall of Rs.67.74 crore in stamp duty collection. However, a revision under the Stamp Duty Act pegged the loss to the exchequer at Rs.49.31 crore.
After the alleged irregularity came to light, a departmental inquiry ordered by revenue minister Chandrashekhar Bawankule was initiated a...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.