Consequences regarding Instrument chargeable with duty not
stamped:-
1.
Inadmissible as an evidence for any purpose.
2.
Instrument shall not be eligible for
registration.
3.
Shall not be acted upon.
4.
Instrument shall not be authenticated by any
person or any govt. authority.
An instrument which is not properly stamped
is not invalid document. Such insufficiently stamp document become valid
evidence by payment of penalty. It is defined by a well known case law between
K.Narashime Rao vs. Sai Vishnu.
Photocopy of an agreement is not an
instrument. Such copy of document which is unstamped can’t be validated by
payment of stamp duty and penalty.
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