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Indian Laws - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

Refund of stamp duty - Stamp papers purchased for registration ...


Refund Granted: 90% Stamp Duty Returned for Unexecuted Property Transaction, Aligning with Stamp Allowance Scheme.

November 30, 2023

Case Laws     Indian Laws     HC

Refund of stamp duty - Stamp papers purchased for registration of immovable property but the same could not be executed - The denial of refund of the stamp duty collected even though no duty is payable because the charging event has not occurred and the cause of action for claiming the refund has not arisen, militates against the scheme of providing for allowance of stamps. - Refund of 90% of stamp duty allowed - HC

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