Kolte Patil Developers Ltd Through ... vs Chief Controller Revenue Authority And ...
Judges (1)
Counsel (3)
Case Significance
Kolte Patil Developers Ltd Through ... vs Chief Controller Revenue Authority ... is a Bombay High Court decision dated November 11, 2024 (citation: ik-153409803). Writ petition by Kolte Patil Developers challenging stamp duty assessment on a development agreement under Section 2(na) of the Maharashtra Stamp Act. The Court upheld the stamp authorities' valuation method, finding that consideration for transfer of development rights should be computed based on the owner's 38% share of gross sale proceeds using available FSI and Annual Statement of Rates. The petition was dismissed with stay extended for eight weeks. The case was heard by Justice Sharmila U. Deshmukh. Counsel appearing: G.S. Godbole (counsel for petitioner), M.S. Bane (counsel for respondent), S.S. Kanetkar (counsel for petitioner).
Summary
Writ petition by Kolte Patil Developers challenging stamp duty assessment on a development agreement under Section 2(na) of the Maharashtra Stamp Act. The Court upheld the stamp authorities' valuation method, finding that consideration for transfer of development rights should be computed based on the owner's 38% share of gross sale proceeds using available FSI and Annual Statement of Rates. The petition was dismissed with stay extended for eight weeks.
What was the outcome of Kolte Patil Developers Ltd Through ... vs Chief Controller Revenue Authority ...?
Writ petition by Kolte Patil Developers challenging stamp duty assessment on a development agreement under Section 2(na) of the Maharashtra Stamp Act. The Court upheld the stamp authorities' valuation...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-153409803)