Supreme Court · 2020 INSC 551 · Decided 17 September 2020

Trustees of H.C. Dhanda Trust v. State of Madhya Pradesh & ORS.

Court
Supreme Court of India
Citation
2020 INSC 551 · [2020] 11 S.C.R. 268
Case number
CIVIL APPEAL No. 3195/2020
Decided
17 September 2020
Bench
ASHOK BHUSHAN, M.R. SHAH, R. SUBHASH REDDY (3-judge bench)
Outcome
Case Partly allowed
Case type
Civil
Acts & sections cited
Stamp Act Section 40(1)(b), 40

Headnote

Stamp Act, 1899: s.40(1)(b) - Imposition of maximum penalty when instrument not duly stamped - Propriety of - In the instant case, a resolution was passed by the Executors/Trustees of the appellant-Trust to transfer and vest beneficiaries by executing a Deed of Transfer - However, subsequently a Deed of Assent was executed between them on payment of stamp duty of Rs.200 whereunder the Trustees gave assent to complete title of the Legatees and vest absolutely in favour of beneficiaries - Collector of Stamps

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