Supreme Court Upholds Trial Court's Decision to Impose Ten Times Penalty on Deficit Stamp Duty. The Supreme Court confirms that a ten-times penalty on deficit stamp duty is justified under Section 34 of the Karnataka Stamp Act, 1957, when the appellant opts to pay the duty at an interlocutory stage.
2 Sep 20241. Background: The appellant filed a suit (O.S. No. 610 of 2015) for specific performance of an agreement for sale dated 04.11.1996 and sought to s...


