Search Results for Tag : Stamp
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President of India gives assent on amendments introduced to the Indian Stamp Act, 1899(21.02.2019)
The President of India, gave his assent to the proposed amendments in Indian Stamp Act, 1899. The amendment aims to rationalise and harmonise the syst.....
Tags : Amendment, Stamp duty, President, Assent
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Notifications & Circulars
Collection of stamp duty on issue, transfer and sale of units of AIFs(30.06.2020)
1. Government vide Gazette notification S.O. 116(E) dated January 08, 2020 has notified the "Registrars to an Issue and/or Share Transfer Agents" (RTA.....
Tags : Collection, Stamp duty, Sale, AIFs
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Judgments
Insufficiently stamped agreement cannot be acted upon by court(10.04.2019)
Present appeal arises out of a sub-contract given by the Appellant to the Respondent in respect of work. Disputes arose between parties, and on 2nd Ja.....
Tags : Agreement, Enforceability, Stamp
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Cabinet approves MoU between India and Viet Nam on Joint issue of postage stamp(13.06.2018)
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the joint issue of a postage stamp between Department of Posts.....
Tags : MoU, Approval, Postage stamp, Joint issue
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Cabinet approves MoU between India and Armenia on joint issue of postage stamp(06.12.2018)
The Union Cabinet was apprised of a Memorandum of Understanding signed between India and Armenia on joint issue of postage stamp. The MoU was signed i.....
Tags : MOU, Approval, Postage stamp
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Cabinet apprised about MoU between India and Republic of Korea in issuing jointly Postage Stamp(15.04.2019)
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, was apprised about an MoU signed in February, 2019 between India and Republic of .....
Tags : MoU, Approval, Postage Stamp
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'Ten times penalty' prescribed for deficit stamp duty cannot be mechanically imposed(17.09.2020)
The Appellant by present appeals challenges the judgment of learned Single Judge of the High Court dismissing the Writ Petition of the Appellant as we.....
Tags : Stamp duty, Penalty, Imposition
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Cabinet apprised of jointly issue of postage stamps between India and Canada(30.08.2017)
The Union Cabinet chaired by Prime Minister Shri Narendra Modi was informed today that India and Canada have mutually agreed to jointly issue a set of.....
Tags : Postage stamps, Issuance, India, Canada
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Number of transactions, not number of documents for stamp duty(11.08.2015)
In a case where the mortgagor borrowed from 13 banks in one instrument, the agreement fell under Section 5 of the Gujarat Stamp Act, 1958, the Court h.....
Tags : stamp duty, number of transactions, one instrument
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Transactions valued below minimum circle rate to be registered(23.12.2015)
The Delhi High Court disposed of petitions against a government order purporting to take away the Registering Officer’s discretion to register propert.....
Tags : Stamp act, minimum circle value, transaction value
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News
Delhi HC: Not Compulsory to Register or Pay Stamp Duty on Family Settlements(30.03.2022)
Delhi High Court has decided that it is not mandatory to compulsorily register family settlements and to pay stamp duty when such settlement is arrive.....
Tags : Delhi High Court, stamp duty, Family settlements
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Rajasthan Assembly Raises Stamp Duty Surcharge From 10 to 20% for ‘cow protection’(10.09.2018)
Rajasthan Assembly has passed a Bill raising the stamp duty surcharge from 10 to 20 per cent for “cow protection and propagation”
Tags : Rajasthan Stamp Duty
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Stamp Duty Not Necessary For Enforcement Of Foreign Arbitration Awards In India: Supreme Court(14.09.2018)
Supreme Court has held that payment of stamp duty under the Indian Stamp Act is not necessary for the enforcement of foreign arbitration awards in Ind.....
Tags : Supreme Court, Stamp Duty, Arbitration
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Karnataka HC: Award of Compensation under National Highways Act Not Attract Stamp Duty(30.05.2022)
Karnataka High Court has held that an award of compensation passed by an Arbitrator under National Highways Act, 1956 does not attract stamp duty. Pay.....
Tags : Karnataka High Court, National Highway Act, Compensation, Stamp Duty
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Delhi HC: Stamp Duty Insufficiency on Arbitration Agreement is Jurisdictional Issue U/S 16 A&C Act(26.04.2022)
Delhi High Court has ruled that the sufficiency of the stamp duty on the arbitration agreement is a jurisdictional issue under Section 16 of the Arbit.....
Tags : Delhi High Court, stamp duty, arbitration agreement, Section 16, Arbitration and Conciliation Act, 1996
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P&H HC Asks Lawyers/Clerks/Litigants Not to Use Saliva to Affix Court Fee Stamps(31.08.2020)
Punjab and Haryana High Court has stated in a notice that lawyers, Clerks and Litigants should not use saliva for affixing Court fee stamps on Applica.....
Tags : Punjab and Haryana High Court, Court Fee Stamps
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Punjab & Haryana HC: Stamp Duty to Be Levied on Agreement to Sell(11.04.2022)
Punjab and Haryana High Court has observed that when there in an agreement to sell to the effect that possession has been delivered, stamp duty is lev.....
Tags : Punjab and Haryana High Court, agreement to sell, stamp duty
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Courts have No Discretion to Impose Lesser Penalty for Insufficiently Stamped Documents: SC(28.12.2018)
Supreme Court, while interpreting a provision in the Karnataka Stamp Act, 1957, has observed that, while admitting insufficiently stamped documents, t.....
Tags : Supreme Court, Insufficiently Stamped Documents
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Karnataka HC Dismisses Criminal Appeal in Fake Stamp Paper Scam Case(29.12.2016)
Karnataka High Court has dismissed criminal appeals filed by Abdul Kareem Telgi and Badruddinalias Badru alias Shanal Jamedar alias Azaruddin in conne.....
Tags : Karnataka High Court, Fake Stamp Paper, Scam
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Gujarat HC Directs Authority to Refund Amount on Bills of Entry for Imported Goods(29.12.2020)
Gujarat High Court has directed the Customs Authority to refund the amount collected as stamp duty on Bills of Entry filed for the imported goods, qua.....
Tags : Gujarat High Court, Refund of Stamp Duty
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SC: 'Ten Times Penalty' Prescribed for Deficit Stamp Duty Cannot be Mechanically Imposed(18.09.2020)
Supreme Court has observed that the penalty of ten times prescribed under Section 40(1) (b) of the Indian Stamp Act, 1899 cannot be mechanically impos.....
Tags : Supreme Court, Penalty under Indian Stamp Act, 1899
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SC: Non-Payment of Stamp Duty Not to Invalidate Arbitration Agreement(12.01.2021)
Supreme Court has observed that non-payment of stamp duty on the commercial contract will not invalidate the arbitration agreement.
Tags : Supreme Court, Non-payment of Stamp Duty
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Madras HC: Use Stamp Papers Issued by Puducheery for Litigations from January 01(08.12.2016)
Madras High Court has ruled that from January 1, 2017 all Puducherry-related cases filed in Court must bear stamp papers printed and issued by Union T.....
Tags : Madras High Court, Puducherry, stamp papers
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Supreme Court Stays Bombay HC Verdict on Levy of Stamp Duty on Advertisement Contracts(28.03.2017)
Supreme Court has stayed Bombay High Court judgment which had dismissed the challenge against levy of stamp duty on contracts entered into by advertis.....
Tags : Supreme Court, Advertisement Contracts, Stamp Duty
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Bombay HC to Revenue Dept: Consider Providing E-Stamp Facilities, License for New Vendors(16.11.2022)
Bombay High Court has directed Maharashtra Revenue Department to take an appropriate decision on allotment of new authorized stamp vendor licenses in .....
Tags : Bombay High Court, E-Stamp, License
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J&K HC Stays Levy of Revised Stamp Duties on Registration of Documents(05.02.2021)
Jammu and Kashmir High Court has stayed a circular that issued revised stamp duty rates to be levied during registration of documents in an order on a.....
Tags : Jammu and Kashmir High Court, Revised Stamp Duty Rates
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AAR, Gujarat: GST Applicable on Reverse Charge on Amount Paid for Reimbursement of Stamp Tax(20.04.2021)
Authority of Advance Ruling (AAR), Gujarat has ruled that the Goods and Services Tax is applicable on a reverse charge basis on the amount paid for re.....
Tags : Authority of Advance Ruling, Amount Paid for Reimbursement of Stamp Tax
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Allahabad HC Dismisses Stamp Venders' Plea Seeking Continuation of Stamp Papers in Physical Form(20.04.2021)
Allahabad High Court has dismissed a writ petition filed by the All UP Stamp Vendors Association, seeking continuation of judicial and non-judicial st.....
Tags : Allahabad High Court, Continuation of Stamp Papers
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SC: Arbitration Agreement in Unstamped Contract Which is Exigible to Stamp Duty Not Enforceable(25.04.2023)
Supreme Court Constitution Bench has held that instrument which is exigible to stamp duty may contain arbitration clause and which is not stamped can’.....
Tags : Supreme Court, Constitution Bench, Arbitration Agreement, Unstamped Contract
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Supreme Court Waives Tamil Nadu Temple's Bail Condition Over Stampede Case(12.06.2019)
Supreme Court while providing relief to the priest of the temple arrested following the death of seven pilgrims in a stampede outside temple, waived t.....
Tags : Supreme Court, Stampede Case
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Del. HC to Collector of Stamps: Adjudicated Stamp Duty Should be Communicated Within 30 Days(12.05.2023)
Delhi High Court has directed collector of Stamps to adjudicate payable stamp duty and communicate the same to respective parties within 30 days and s.....
Tags : Delhi High Court, Collector of Stamps, Stamp Duty
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MP HC: RERA Should Refer Development Agreement to Registrar of Stamps if it is Not Duly Stamped(15.06.2023)
Madhya Pradesh High Court has held that if RERA comes to the conclusion that the development agreement in question is not duly stamped, it was incumbe.....
Tags : Madhya Pradesh High Court, RERA, Development Agreement, Stamp
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Stamp Duty Hikes, Noida Flats Costlier(08.03.2016)
UP cabinet has approved hiking of stamp duty on homes by 2% in all cities, including Noida and Greater Noida.
Tags : UP cabinet , stamp duty
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Kerala High Court Stays Lakshadweep Notification Increasing Stamp Duty(02.07.2021)
Kerala High Court has stayed all the proceedings pursuant to the Notification issued by the Lakshadweep Administration revising the existing stamp dut.....
Tags : Kerala High Court, Lakshadweep Notification Increasing Stamp Duty
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Bombay High Court: Stamp Duty Cannot be Charged on Resale of Old Properties(22.08.2019)
Bombay High Court in a landmark judgment has put an end to the age-old practice of collecting stamp duty retrospectively on resale of old properties. .....
Tags : Bombay High Court, Stamp Duty
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Elphinstone Stampede: Bombay High Court Pulls Up Activists for Closing Eyes to Problem(06.10.2017)
Bombay High Court has castigated "so-called activists" for approaching it on the issue of safety of commuters only after the Elphinstone Road station .....
Tags : Bombay High Court, Elphinston Stampede
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Del. HC: True Copy of Arbitration Agreement Sufficient for S.11 Petition if Stamp Duty Not Disputed(24.08.2023)
Delhi High Court has held that if the stamp duty of the arbitration agreement is not disputed, the true or certified copy of the agreement containing .....
Tags : Delhi High Court, Arbitration Agreement, True Copy, Stamp
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SC: Copy of Insufficiently Stamped Document Can’t be Adduced as Secondary Evidence(01.12.2023)
Supreme Court has held that if a document that is required to be stamped is not sufficiently stamped, then the position of law is well settled that a .....
Tags : Supreme Court, Stamp, Secondary Evidence
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UP Stamps and Registration Department Announces 4 Month Relief to Homebuyers on Stamp Duty Hike(30.03.2016)
UP Stamps and Registration Department has said that homebuyers whose papers are cleared by Noida Authority before April 1 will get a 4-month extension.....
Tags : UP Stamps and Registration Department , Noida Authority , homebuyers
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Del. HC: Stamp Duty Not Payable on Instrument Executed on Behalf/in favor of Government(16.10.2023)
Delhi High Court has held that the Apex Court decision in M/s. N.N. Global Mercantile Private Limited (MANU/SC/0445/2023) is not applicable on an inst.....
Tags : Delhi High Court, Instrument, Stamp Duty
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Welfare Stamp on Vakalatnama Increased to Rs 25 in National Capital(25.09.2019)
Notification has been issued by the Delhi Government pursuant to which the value of a welfare stamp on a Vakalatnama has been increased to Rs 25 in De.....
Tags : Welfare Stamp, National Capital
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BHC: Arbitration Agreement not Exempt from Stamp Duty even if Contract is Executed Outside State(28.11.2019)
Bombay High Court (BHC) has ruled that even if a contract is executed outside the State of Maharashtra and the work is also carried outside the State .....
Tags : BHC, Stamp Duty
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Madras High Court Holds Collection of Cash Handling Charges From Stamp Vendors Illegal(15.11.2021)
Madras High Court has ruled that the practice of collecting cash handling charges from stamp vendors who deposit money through treasury challans into .....
Tags : Madras High Court, Collection of Cash Handling Charges From Stamp Vendors
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SC: Arbitration Clauses in Unstamped Agreements are Inadmissible but not Void(13.12.2023)
Supreme Court 7-judge bench while overruling the 5-judge bench judgment in N.N. Global Mercantile Pvt. Ltd. v. M/s. Indo Unique Flame Ltd. (MANU/SC/04.....
Tags : Supreme Court, Arbitration Clauses, Unstamped Agreements
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Stamp Duty Payable on Transfer of Debts Along with Underlying Securities: Allahabad HC(15.02.2018)
Allahabad High Court has held that stamp duty is payable on the transfer of debts along with underlying securities.
Tags : Allahabad High Court, Stamp Duty
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Bom. HC Allows Refund of Stamp Duty Beyond Limitation Period(15.01.2024)
Bombay HC has allowed stamp duty refund to a flat purchaser on cancellation of flat purchase agreement after the expiry of limitation period of 5 year.....
Tags : Bombay High Court, Refund, Limitation, Stamp Duty
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SC: Stamp Duty Can be Imposed by State on Insurance Policies Executed Within State(02.05.2024)
Supreme Court while rejecting appeals filed by Life Insurance Corporation against a demand of stamp duty of Rs. 1.19 crore by the State, has held that.....
Tags : Supreme Court, Life Insurance Corporation, Stamp Duty, Insurance Policies
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Bombay High Court to CBI: Decide on Time Frame to Complete Fake Stamp Paper Scam of 2002(22.03.2018)
Bombay High Court has asked the Central Bureau of Investigation (CBI) to decide on how long it intends to continue the prosecution in the fake stamp p.....
Tags : Bombay High Court, Stamp Paper
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SC: Arbitration Clause in Insufficiently Stamped Agreement Cannot be Acted Upon by Court(17.02.2020)
Supreme Court has observed that an arbitration clause in an agreement which is required to be duly stamped was not sufficiently stamped, cannot be act.....
Tags : Supreme Court, Insufficiently Stamped Agreement
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ITAT, Pune: Stamp Value Would be Full Consideration Only if Payment Made Through Bank(02.03.2020)
Income Tax Appellate Tribunal (ITAT), Pune has observed that the stamp value on the date of agreement to sell shall be considered as full value of con.....
Tags : Income Tax Appellate Tribunal, Stamp Value
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Supreme Court: Stamp Duty Not to be Paid on Every Increase in Share Capital(09.04.2024)
Supreme Court has held that if stamp duty has already been paid on the increase in share capital of the company and the Articles of Association remain.....
Tags : Supreme Court, Stamp Duty, Share Capital, Articles of Association
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Finance Ministry Defers Enforcement of Amendments to Indian Stamp Act Till 1st July(31.03.2020)
Finance Ministry has deferred the date for enforcement of the amendments to the Indian Stamp Act, 1899, as proposed under Part I, Chapter IV of the Fi.....
Tags : Finance Ministry, Indian Stamp Act
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Practice of ‘Rubber Stamp Cognizance’ Deprecated by Madras High Court(21.03.2024)
Madras HC has criticized District Judiciary for practicing rubber stamp cognizance and stated that if cognizance is taken through a rubber stamp cogni.....
Tags : Madras High Court, Rubber Stamp Cognizance, Violation
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