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Category: Suit Valuation Act

Procedure for determining value for Jurisdiction (Section-8)

Procedure for determining value for Jurisdiction (Section-8)

Meaning of Jurisdiction: The term refers to the authority of court to administer justice in accordance with rules prescribed by law within limits set by law. Provisions: Section 8 and 9 of SVA, 1887. Procedure for determining value for Jurisdiction (Section-8):  Meaning of Value: The term value denotes market value at the time of institution of suit or usually it is market value of subject matter of suit ascertain by the court & not the value as stated by plaintiff…

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Suit Valuation for the Purpose of Jurisdiction is Different from its Valuation for Fiscal Purpose of court fee

Suit Valuation for the Purpose of Jurisdiction is Different from its Valuation for Fiscal Purpose of court fee

Suit Valuation for the Purpose of Jurisdiction is Different from its Valuation for Fiscal Purpose of court fee Court fee Act is instrument for the purpose of collection of revenue for state & suit valuation act fixes value of suit for the purpose of jurisdiction. It is not necessary that both should be same. Suit Valuation: Generally the value of subject matter of the suit is called the value of suit or suit value. Object of Suit Valuation: The objects…

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