No Stamp Duty on Sale Certificate Issued by Banks/Revenue Authorities to Auction Purchaser: Kerala High Court
The Kerala High Court has ruled that a sale certificate issued to an auction purchaser following the sale of immovable property belonging to a revenue defaulter does not automatically attract stamp duty under the Kerala Stamp Act, 1959, unless it qualifies as an instrument as defined under the Act. This decision was rendered by a Division Bench comprising Dr. Justice A.K. Jayasankaran Nambiar and Justice P.M. Manoj while hearing WA…
