Bombay High Court Quashes Deficit Stamp Duty Demand on Cancelled Development Agreement — Agreement Cancelled Prior to Adjudication Not Liable to Stamp Duty Under Maharashtra Stamp Act, 1958. The court held that stamp duty is chargeable on instruments, not on transactions, and a cancelled instrument cannot be subjected to duty....
The petitioner, Vikrant Vikas Raikar, proprietor of M/s. Elegant Constructions, challenged an order dated 16th March 2018 passed by the Chief Controlling Revenue Authority (third respondent) in Appeal...
