High Court of Judicature at Bombay Interprets Section 53A(1) of Bombay/Maharashtra Stamp Act, 1958 to Require Recovery Order Within Six Years, Not Just Initiation of Proceedings. The Court Examined Whether a Deficit Stamp Duty Demand of Rs.8,21,000 on an Agreement for Sale Executed in 2003 Was Barred by Limitation Where Proceedings Began Within Six Years but the Final Order Was Passed After Six Years....
The petitioner, a limited company, challenged two orders passed by the Chief Controlling Revenue Authority under Section 53A of the Bombay/Maharashtra Stamp Act, 1958, demanding deficit stamp duty of ...
