https://www.taxtmi.com/caselaws?id=457047 An instrument under a tenant co-partnership housing society that confers possession, transfer rights and enjoyment of flats and parking spaces can amount to a conveyance under the Karnataka Stamp Act, because it transfers an interest in immovable property and is therefore chargeable to stamp duty. Recovery proceedings for deficient stamp duty must also comply with Section 46-A, which prescribes a five-year limitation, extendable to ten years in cases of fraud or concealment. Where proceedings are initiated beyond that period, coercive recovery is time-barred, even though voluntary payment and registration may still be available. en-us Fri, 07 Dec 2012 00:00:00 +0530 Fri, 29 Aug 2025 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457047 An instrument under a tenant co-partnership housing society that confers possession, transfer rights and enjoyment of flats and parking spaces can amount to a conveyance under the Karnataka Stamp Act, because it transfers an interest in immovable property and is therefore chargeable to stamp duty. Recovery proceedings for deficient stamp duty must also comply with Section 46-A, which prescribes a five-year limitation, extendable to ten years in cases of fraud or concealment. Where proceedings are initiated beyond that period, coercive recovery is time-barred, even though voluntary payment and registration may still be available. Case-Laws Income Tax Fri, 07 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457047