Stamp duty asessable on property’s true market value at the time of execution of instrument

Kshitij Pravin Desai Vs Chief Controlling Revenue Authority (Bombay High Court)

In the case of Kshitij Pravin Desai Vs Chief Controlling Revenue Authority, the petitioners challenged an order passed by the Chief Controlling Revenue Authority rejecting their appeal under Section 53(1A) of the Maharashtra Stamp Act, 1958. The appeal was filed against an order by the Collector demanding stamp duty on a deed of conveyance. The petitioners argued that they had already paid stamp duty on an earlier agreement for sale, and thus should not be liable to pay again for the conveyance.

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