Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Indian Laws - Highlights / Catch Notes

Home Highlights January 2025 Year 2025 This

The SC held that the compromise decree acquired by the appellant ...


Consent Decree Exempt from Registration and Stamp Duty, Affirms Existing Rights and Grants Land Possession.

January 7, 2025

Case Laws     Indian Laws     SC

The SC held that the compromise decree acquired by the appellant through the suit did not require registration u/s 17(2)(vi) of the Registration Act, 1908, as it pertained to the subject matter of the suit. The consent decree did not operate as a conveyance to attract stamp duty under Article 22A of Schedule 1A of the Indian Stamp Act, 1899, as the appellant merely asserted pre-existing rights without creating new rights. Consequently, the appellant was entitled to possession of the subject land without interference from Respondent No.2 and to get his name recorded in revenue records. The appeal was allowed.

View Source

 


 

You may also like:

  1. Levy of stamp duty on schemes of amalgamation or restructuring - The High court found that orders of the court sanctioning amalgamation/restructuring, along with the...

  2. The appeal challenges the liability to pay stamp duty and penalty on agreements executed prior to the sale deed for two properties. The court determined the real...

  3. Long-term capital gains - receipts by the assessee as per the consent decree passed by the Hon”ble Bombay High Court - suit for specific performance of the Agreement to...

  4. Requirement to deposit Stamp Duty and Registration Fee - conversion of the petitioner from ‘Partnership Firm’ to ‘Limited Liability Partnership’ - Once there is no...

  5. 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...

  6. SC held that the agreement to sell constituted a conveyance under Explanation I to Article 25 of Schedule I of Bombay Stamp Act, requiring full stamp duty payment....

  7. The order dealt with maintainability of petition, liability to pay stamp duty on NCLT order, applicability of res judicata principle, interpretation of fiscal laws,...

  8. Exemption u/s 11 - grant of registration under section 12AA(l)(b)(II) denied - Charitable activity u/s 2(15) - The registration under section 12AA is only to the objects...

  9. The doctrine of merger was examined concerning the jurisdiction of the respondent to adjudicate stamp duty u/ss 31 and 33 of the Indian Stamp Act, 1899. The respondent's...

  10. Reversal of Cenvat Credit - Scope of exemption notification - Notification exempting the basic excuse duty but not additional duty of excise - As per Rule 2(d),...

  11. The circular specifies the following key points regarding pro-rata and pari-passu rights of investors in Alternative Investment Funds (AIFs): Pro-rata rights: Investors...

  12. Addition u/s 56(2)(x) relates to joint ownership of property. If the consideration amount is fixed on the agreement date but registration occurs later, the stamp duty...

  13. Exemption u/s 11 - grant of registration u/s 12AA rejected - private religious trust or public trust - If the assessee wanted grant of registration under section 12AA of...

  14. Exemption u/s 11 - registration u/s 12AA rejected - The activities of an institution though genuine at the time of grant of registration may not remain so during its...

  15. Legislative Competence to Levy of stamp duty on ‘Bill of Entry’ (BoE) and on Delivery Orders (DO) - goods imported in Maharashtra - seek refund paid on stamp duty - The...

 

Quick Updates:Latest Updates