https://www.taxtmi.com/caselaws?id=458840 A memorandum that merely records an already concluded oral family settlement and partition does not itself create or extinguish rights in praesenti, so it is not compulsorily registrable. On settled principles governing family arrangements, an oral settlement remains valid without registration, and a later memorandum that only evidences that prior arrangement stays outside the registration requirement if it does not itself effect a partition. For the same reason, such a document is not an instrument of partition and does not attract stamp duty as a partition deed. The notices issued for valuation and stamp duty were therefore liable to be withdrawn. 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 A memorandum that merely records an already concluded oral family settlement and partition does not itself create or extinguish rights in praesenti, so it is not compulsorily registrable. On settled principles governing family arrangements, an oral settlement remains valid without registration, and a later memorandum that only evidences that prior arrangement stays outside the registration requirement if it does not itself effect a partition. For the same reason, such a document is not an instrument of partition and does not attract stamp duty as a partition deed. The notices issued for valuation and stamp duty were therefore liable to be withdrawn. Case-Laws Indian Laws Wed, 23 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458840