Penal Code, 1860–Secs. 420/467–Indian Registration Act, 1908–Sec. 82–Allegations of all cash transactions for a much valuable immovable property–Further allegation of undervaluation of the property–Cash transactions may trigger the inquiry by other revenue related departments but this by itself may not amount to a fraudulent transaction–Furthermore, there could be proceeding for the recovery of the appropriate stamp/registration charges, but it may not attract any of the penal provisions–Civil suit is already pending–Held, FIR was rightly quashed.
