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Kerala High Court Dismisses State’s Appeal Seeking Stamp Duty on Bank Auction Sale Certificates, Upholds No Stamp Duty or Mandatory Registration on Sale Certificates Issued Pursuant to Auction, Clarifies Only Optional Registration Permissible Without Imposition of Fiscal Burdens on Auction Purchasers
Court’s Decision The Kerala High Court dismissed a series of appeals filed by State Revenue Authorities challenging judgments quashing demands for stamp duty on sale certificates issued by banks and…
