Bombay High Court Quashes Deficit Stamp Duty Demand in Property Sale — Agreement for Sale Not a Conveyance. Held that an agreement for sale with possession does not automatically constitute a conveyance under the Bombay Stamps Act, 1958, and the stamp duty is payable only on the agreement value, not on the market value.
1 Sep 2010The petitioner, Neetu Narain Tolani, purchased two flats (Flat Nos. 2 and 3) in the building 'Mahalaxmi Mahal' at Bhulabhai Desai Road, Mumbai, under ...




