https://www.taxtmi.com/caselaws?id=172781 Purchase of insurance stamps from outside the State did not, on the facts alleged, disclose any cognizable offence or legal infringement warranting criminal prosecution. The Court noted that stamp duty rates for insurance policies fall within the Union field, while State rules under the Stamp Act operate only within the limits of the central enactment. Applying settled quashing principles, it held that proceedings may be interfered with where the FIR, even if accepted as true, discloses no offence or is legally untenable. As the appellants were not alleged to be unauthorised stamp vendors and the penal provisions were unsustainable on the face of the record, the FIR and proceedings ought to have been quashed. en-us Wed, 15 Apr 2009 00:00:00 +0530 Fri, 20 Nov 2015 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172781 Purchase of insurance stamps from outside the State did not, on the facts alleged, disclose any cognizable offence or legal infringement warranting criminal prosecution. The Court noted that stamp duty rates for insurance policies fall within the Union field, while State rules under the Stamp Act operate only within the limits of the central enactment. Applying settled quashing principles, it held that proceedings may be interfered with where the FIR, even if accepted as true, discloses no offence or is legally untenable. As the appellants were not alleged to be unauthorised stamp vendors and the penal provisions were unsustainable on the face of the record, the FIR and proceedings ought to have been quashed. Case-Laws Indian Laws Wed, 15 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172781