Scroll down for Full Order
The full bench at The High Court of Judicature at Madras, on 05.08.2019, rendered an Order wherein it was of the view that "the Sale Certificate issued by
the Authorized Officer of the bank is liable for stamp duty under Article 18-C read with Article 23 of Schedule 1 of the Indian Stamp Act.
The Order further added that, "In the
event of under-valuation of the property, which is the subject matter of the Sale Certificate, the Registering Officer is entitled to proceed in accordance with Section 47-A of the Indian Stamp Act."
The Learned Single Judge has earlier referred this case to the Full Bench, since there were Since two conflicting judgments rendered by different Division Benches.
Download Full Order
The full bench at The High Court of Judicature at Madras, on 05.08.2019, rendered an Order wherein it was of the view that "the Sale Certificate issued by
the Authorized Officer of the bank is liable for stamp duty under Article 18-C read with Article 23 of Schedule 1 of the Indian Stamp Act.
The Order further added that, "In the
event of under-valuation of the property, which is the subject matter of the Sale Certificate, the Registering Officer is entitled to proceed in accordance with Section 47-A of the Indian Stamp Act."
The Learned Single Judge has earlier referred this case to the Full Bench, since there were Since two conflicting judgments rendered by different Division Benches.
Download Full Order
