Supreme Court · 2020 INSC 554 · Decided 17 September 2020
M/S. MSD Real Estate LLP v. The Collector of Stamps & ANR.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 554 · [2020] 6 S.C.R. 1027
- Case number
- CIVIL APPEAL No. 3194/2020
- Decided
- 17 September 2020
- Bench
- ASHOK BHUSHAN, M.R. SHAH, R. SUBHASH REDDY (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Stamp Duty: Deficit stamp duty - Demand for - Penalty imposed ten times the deficit duty - In litigation Supreme Court modified the penalty amount reducing the same to half - Stamp duty was paid - Thereafter the property in question was sold - Permission for by the subsequent purchaser - Property was mutated in the name of the purchaser - The purchaser submitted post-dated cheques towards the penalty amount - Notice was issued by competent authority demanding outstanding amount towards penalty - Permission for construction
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