Bombay High Court Dismisses Developer's Challenge to Stamp Duty Demand on Development Agreements — Agreements Held to be Conveyance Under Bombay Stamp Act. The Court ruled that development agreements granting authority to sell flats at developer's discretion and coupled with possession transfer constitute conveyance under Sections 2(g), 2(l) read with Explanation-I of Article 25 of the Bombay Stamp Act, 1958.
5 Aug 2026The petitioner, a developer partnership firm, entered into two development agreements dated 20.08.1987 and 27.03.1987 with a co-operative housing soci...
