The Supreme Court of India, comprising a Bench of Justice Dipankar Datta and Justice Sheel Nagu, has expressed serious doubt regarding the correctness of the legal position that proceedings under Section 47-A of the Indian Stamp Act, 1899 require proof of “fraudulent intention” or “wilful undervaluation” to evade duty. Observing that reading such requirements into
Section 47-A Of Stamp Act Does Not Require Proof Of Fraudulent Intent: Supreme Court Doubts V.N. Devadoss Precedent, Refers Issue To Larger Bench
