Stamp Act, 1899–Sec. 47-A(2)–Determination of stamp duty–Plea that the vendor was a lessee–Collector did not accept the plea and assessed the value Rs. 47,25,200/- –Sale deed revealing that the property was constructed on the land specified in Schedule II, which was held on 99 years lease–This issue was to be examined by Collector–Copy of deed was not placed by the parties and no findings were recorded in regard to nature of deed–Impugned orders set aside and matter remanded back for fresh determination.
State of U.P. Now Uttarakhand & Anr. vs. Vinit Traders & Investment Ltd. (SC)
₹28.00
