The lack of a fixed time limit for adjudication of applications for proper stamp duty under the provisions of the Indian Stamp Act, 1899 (“Act”) often results in inordinate delays in stamping of instruments. In a judgment that will exponentially expedite the process of adjudication, the Delhi High Court (“Delhi HC”) has now opined that the Collector of Stamps shall communicate to the parties the proper stamp duty within 30 days of the date of the application.
Associate in the Dispute Resolution Practice at the Delhi NCR office of Cyril Amarchand Mangaldas. Her practice areas include Corporate and IBC litigation before courts, tribunals and regulatory forums. She can be reached at firstname.lastname@example.org