Cancellation of Development Agreement: Bombay HC directs refund of withheld Stamp Duty on Limitation Grounds [Read Order]

The court considered that the petitioner had also paid a substantial stamp duty of ₹1 crore on a subsequent conveyance deed for the same property.
Bombay High Court - Cancellation of Development - Cancellation of Development Agreement - Taxscan

In a recent ruling, the Bombay High Court addressed a significant issue regarding the refund of withheld stamp duty for being time barred. The petitioner sought a refund of ₹78,65,000, which had been paid as stamp duty on a development agreement that was subsequently cancelled. The dispute arose when the refund application was rejected by…

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