https://www.taxtmi.com/caselaws?id=759162 The SC dismissed an appeal regarding stamp duty liability on sale agreements executed prior to sale deeds for two properties. The Court held that sale agreements were the principal instruments requiring proper stamp duty and registration, not the subsequent sale deeds. Despite appellants' argument that stamp duty paid on final sale deeds absolved prior liability, the Court ruled that Section 4 of the Stamp Act could not aid appellants since the agreements involved property values above Rs.100, included possession transfer clauses, and created possessory rights under Section 53A of the Transfer of Property Act. The trial court's impoundment of documents and direction for stamp duty adjudication was upheld. en-us Tue, 24 Sep 2024 00:00:00 +0530 Thu, 26 Sep 2024 08:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759162 The SC dismissed an appeal regarding stamp duty liability on sale agreements executed prior to sale deeds for two properties. The Court held that sale agreements were the principal instruments requiring proper stamp duty and registration, not the subsequent sale deeds. Despite appellants' argument that stamp duty paid on final sale deeds absolved prior liability, the Court ruled that Section 4 of the Stamp Act could not aid appellants since the agreements involved property values above Rs.100, included possession transfer clauses, and created possessory rights under Section 53A of the Transfer of Property Act. The trial court's impoundment of documents and direction for stamp duty adjudication was upheld. Case-Laws Indian Laws Tue, 24 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759162