Stamp Duty -- Agreement of Sale Cum Possession -- Cannot Be Received in Evidence Unless Duly Stamped
Indian Stamp Act, 1899 -- Stamp Duty -- Agreement of Sale Cum Possession -- Where an agreement of sale specifically recites delivery of possession, stamp duty and penalty are attracted on the document. The levy of stamp duty is determined by the description and recitals of the document and not by the pleadings of the parties. A document insufficiently stamped cannot be received in evidence or marked as an exhibit, even for a collateral purpose.
LOGIN TO READCaseLawToday.com is powered by M/s Law Herald Infotech
