Supreme Court · 2024 INSC 539 · Decided 19 July 2024
M/S Rewa Tollway P. LTD. v. The State of Madhya Pradesh & ORS.
- Court
- Supreme Court of India
- Citation
- 2024 INSC 539 · [2024] 7 S.C.R. 1129
- Case number
- CIVIL APPEAL No. 8985/2013
- Decided
- 19 July 2024
- Bench
- VIKRAM NATH, AHSANUDDIN AMANULLAH (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act Section 105; Stamp Act
Headnote
In view of the subsequent change of policy by the state legislature in light of larger public interest, the appellants were required to pay stamp duty on the Concession Agreement executed under the Build, Operate & Transfer (BOT) Scheme. Plea of the appellants that previous executive decision that the agreement would not require stamp duty, but was to be executed only on stamp paper of Rs.100/-, the appellants entered into the agreement with legitimate expectation that no stamp duty was required to be paid. Whether the appellants had any enforceable legal
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