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1 - 7 of 7 (0.17 seconds)Article 18 in Constitution of India [Constitution]
Article 23 in Constitution of India [Constitution]
The Indian Stamp Act, 1899
Section 33 in The Indian Stamp Act, 1899 [Entire Act]
Section 35 in The Indian Stamp Act, 1899 [Entire Act]
The State Of Punjab vs M/S Ferrous Alloy Forgings P Ltd. on 3 December, 2015
11. From the above proposition, it is clear that to use the sale certificate
for any other purpose, stamp duty is absolutely necessary. In such view of the
matter, as the Court already held that the stamp duty leviable is only 5% on the
purchase money apart from 1 % of registration charges, there is no bar for the
respondents to collect the stamp duty at the rate of 5% on the purchase money apart
from 1 % of registration charges. However, it is made clear that in case the Apex
Court takes a different view that surcharge or transfer duty will be payable for sale
certificate when presented for registration, in that case, the petitioner is liable to pay
the additional amount, if any.
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