https://www.taxtmi.com/caselaws?id=457083 Admission of an insufficiently stamped instrument attracts a mandatory penalty of ten times the deficit duty under Section 34 of the Karnataka Stamp Act, 1957, and the court admitting the document has no discretion to impose a lesser amount. Any power to reduce or refund penalty lies with the Deputy Commissioner under the statutory machinery in Sections 38 and 39. On the facts recorded by the trial court, however, the Supreme Court sustained the lesser penalty imposed to avoid further delay and because of the special circumstances of the case. en-us Fri, 14 Dec 2018 00:00:00 +0530 Wed, 04 Sep 2024 20:04:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457083 Admission of an insufficiently stamped instrument attracts a mandatory penalty of ten times the deficit duty under Section 34 of the Karnataka Stamp Act, 1957, and the court admitting the document has no discretion to impose a lesser amount. Any power to reduce or refund penalty lies with the Deputy Commissioner under the statutory machinery in Sections 38 and 39. On the facts recorded by the trial court, however, the Supreme Court sustained the lesser penalty imposed to avoid further delay and because of the special circumstances of the case. Case-Laws Indian Laws Fri, 14 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457083