https://www.taxtmi.com/caselaws?id=189382 Sections 30A and 10D of the Maharashtra Stamp Act were upheld as valid fiscal measures because they merely shifted initial stamp duty collection and payment mechanisms for specified instruments to financial institutions, without requiring quasi-judicial adjudication of liability. The classification of banks and financial institutions was held to have a rational nexus with efficient revenue collection, and no violation of Articles 14, 19(1)(g) or 300A was shown. Section 89B of the Registration Act and the related circular were also sustained, as the requirement to intimate mortgage by deposit of title deeds was read harmoniously with the Transfer of Property Act and treated as a regulatory measure promoting transparency and protecting third parties. en-us Tue, 22 Mar 2016 00:00:00 +0530 Sat, 07 Jan 2017 10:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189382 Sections 30A and 10D of the Maharashtra Stamp Act were upheld as valid fiscal measures because they merely shifted initial stamp duty collection and payment mechanisms for specified instruments to financial institutions, without requiring quasi-judicial adjudication of liability. The classification of banks and financial institutions was held to have a rational nexus with efficient revenue collection, and no violation of Articles 14, 19(1)(g) or 300A was shown. Section 89B of the Registration Act and the related circular were also sustained, as the requirement to intimate mortgage by deposit of title deeds was read harmoniously with the Transfer of Property Act and treated as a regulatory measure promoting transparency and protecting third parties. Case-Laws Indian Laws Tue, 22 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189382