https://www.taxtmi.com/caselaws?id=314261 A court-monitored sale that failed because possession was never delivered, and was later cancelled, entitled the purchasers to restitution of the stamp duty paid for the sale deeds. As the applicants had paid the full consideration and stamp duty without fault, the stamp papers became unutilised for the intended transaction and the right to refund arose only upon cancellation. The claim was treated as falling within the statutory refund framework, and limitation did not defeat the substantive right because the refund cause of action accrued on cancellation. The applicants were therefore entitled to refund of the entire stamp duty. en-us Wed, 30 Sep 2015 00:00:00 +0530 Wed, 09 Jul 2025 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314261 A court-monitored sale that failed because possession was never delivered, and was later cancelled, entitled the purchasers to restitution of the stamp duty paid for the sale deeds. As the applicants had paid the full consideration and stamp duty without fault, the stamp papers became unutilised for the intended transaction and the right to refund arose only upon cancellation. The claim was treated as falling within the statutory refund framework, and limitation did not defeat the substantive right because the refund cause of action accrued on cancellation. The applicants were therefore entitled to refund of the entire stamp duty. Case-Laws Indian Laws Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314261