B. P. JEEVAN REDDY, J.

( 1 ) IN its search for more revenue the State of Andhra Pradesh hasbeen tapping every possible source, to the maximum extent possible. Section 47-A was introduced by A. P. Amendment Act 22 of 1971, in the Indian stamp Act for this very purpose. This Section introduced the concept of market value of the property as the basis for payment of stamp duty, instead of the consideration that passed between the parties. By the very same amendment Act, several Entries in the Schedule to the Stamp Act relating to conveyance, exchange, and gift etc , were also amended, introducing the concept of market value of the subject-matter of the transaction, in the place of consideration. For example, in item 20 of Schedule I-A relating to conveyance, the stamp duty now became payable on the consideration stated in the conveyance, or the market value of the property, whichever is higher. Similar amendments were made in other Entries relating to exchange and gift, among others. From the date of the said amendment, stamp duty became payable not on the consideration stated in the deed of conveyance, gift, or exchange, but on the market value of the property conveyed, exchanged, or g

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