(868) OMAXE LTD. Vs. STATE OF RAJASTHAN AND OTHERS[RAJASTHAN HIGH COURT (JAIPUR BENCH)] 17-02-2025
Rajasthan Stamp Act, 1998 — Section 51 — Quashing of an order by the Collector (Stamps) regarding a deficit in stamp duty for a development agreement — The petitioner entered into a development agreement to jointly develop a township project, with 50% of the project's shares given to the petitioner — The market value was initially assessed at Rs. 16,71,75,968/-, but a spot inspection revised it to Rs. 39,71,16,218/- — Consequently, stamp duty was charged, and the document was registered on 18.10
India Law Library Docid # 2423254