Supreme Court Upholds Constitutionality of Stamp Duty Requirement — Validates Legislative Intent to Prevent Revenue Loss. The Supreme Court ruled that the deposit of 50% of deficit stamp duty under Section 47A of the Indian Stamp Act is constitutional, emphasizing the need for compliance to safeguard government revenue....
The case involved an appeal by the Government of Andhra Pradesh against a judgment of the Andhra Pradesh High Court that declared Section 47A of the Indian Stamp Act, as amended by A.P. Act 8 of 1998,...
