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[Stamp Act] S 47-A (3) Not Applicable In Case Of Gift Deed As Market Value Not Same As Value Of Property : Allahabad High Court

The Allahabad High Court has held that Section 47-A (3) of the Indian Stamp Act cannot be invoked where the property has been transferred by way of gift deed as Section 47-A is applicable to those.

Stamp Act | Interest Must Be Paid On Excess Duty Illegally Detained By Government: Allahabad High Court

The Allahabad High Court has held that where revenue has illegally detained excess stamp duty collected by the authorities under the Indian Stamp Act, 1899, interest must be paid by the Government.

National Siblings Day: Like Alia Bhatt and Kangana Ranaut, you too can gift your property to your siblings

One should also consider the cost-saving benefits of stamp duty exemptions available across states for property transfers or gifts between siblings, say experts

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