Bombay High Court Quashes Stamp Duty Demand on Preliminary Agreement Not Amounting to Conveyance — Agreement for Sale Without Immediate Possession Not Deemed Conveyance Under Article 25(b) of Maharashtra Stamp Act, 1958. The court held that a preliminary agreement for sale where possession is not delivered immediately cannot be treated as a conveyance under Explanation I to Article 25 of Schedule I of the Maharashtra Stamp Act, 1958.
17 Jul 2019The petitioners, Narendra Janardan Pathak and others, entered into a 'preliminary agreement' dated 21 February 2011 with the respondents-vendors for t...
