Punjab and Haryana High Court bars stamp duty recovery beyond limitation period
The Punjab and Haryana High Court has ruled that authorities cannot demand deficient stamp duty after the statutory limitation period has passed, striking down a Rs 59.77 lakh demand raised more than three years after a sale deed was registered. The court also held that a property's market value for stamp duty purposes must be assessed as of the date the sale deed was executed, not based on a later inspection.
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