https://www.taxtmi.com/caselaws?id=458840 Delhi HC held that family settlements documenting previously agreed oral arrangements do not require registration or stamp duty payment. Following established precedent, the court clarified that memoranda recording existing oral family settlements are not instruments requiring compulsory stamping. The court waived stamp duty payment for the legal heirs, cancelled notices from registry and revenue authorities, and directed decree preparation within eight weeks. The decision reaffirmed that oral settlements subsequently documented in writing need not undergo valuation or stamp duty procedures. en-us Wed, 23 Mar 2022 00:00:00 +0530 Mon, 18 Nov 2024 19:07:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458840 Delhi HC held that family settlements documenting previously agreed oral arrangements do not require registration or stamp duty payment. Following established precedent, the court clarified that memoranda recording existing oral family settlements are not instruments requiring compulsory stamping. The court waived stamp duty payment for the legal heirs, cancelled notices from registry and revenue authorities, and directed decree preparation within eight weeks. The decision reaffirmed that oral settlements subsequently documented in writing need not undergo valuation or stamp duty procedures. Case-Laws Indian Laws Wed, 23 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458840