Stamp Act S. 35(a) – Distinction between the stamp duty payable at the time of execution of the agreement to sell evidencing delivery of possession in the context of the amendment brought in Entry no.5 in Schedule 1-A as applicable to the State of Punjab

2020 PLRonline 5203

Indian Stamp Act, 1899 (2 of 1899, Section 35(a) – Distinction between the stamp duty payable at the time of execution of the agreement to sell evidencing delivery of possession in the context of the amendment brought in Entry no.5 in Schedule 1-A as applicable to the State of Punjab and Entry no.5, Clause ‘CC added by the Indian Stamp (Punjab Amendment) Act 2001 notified on 21.12.2001 – Whereas Entry no.23 was amended by the Indian Stamp  (Punjab Amendment) Act, 2007, with effect from 25.01.2008 – agreement to sell  followed by or evidencing delivery of possession of the immovable property agreed to be sold, shall be leviable with same stamp duty as is leviable under Sub Column No.2 of Column No.2 of Entry No.23 of Schedule 1-A as amended by State of Punjab.