In a relief to many property owners whose premises are being redeveloped, the Bombay High Court on Wednesday set aside circulars issued by the state Revenue Authority, which had asked for payment of stamp duty by the redeveloped housing society as well as its individual members for the redeveloped area to which they are entitled free of cost
The court observed that as per the existing laws, the society represented its members and therefore its development agreement with the developer would suffice and the payment of stamp duty by the society would mean that all its members have paid the same for the area, to which they were entitled to free of cost
https://indianexpress.com/article/cities/mumbai/bombay-hc-no-stamp-duty-on-members-agreements-for-redeveloped-area-8474284/
Source: The Indian Express
