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Discussion > LAW > Others >

No limitation period for using old stamp paper

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Company Secretary


[ Scorecard : 1533]
Posted On 26 February 2013 at 12:06 Report Abuse

Supreme Court decision Brief:

According to Supreme Court judgement dated 19/02/2008

in the case of Thiruvengada Pillai Vs. Navaneethammal and Anr.,

THE STAMP PAPERS DO NOT HAVE ANY EXPIRY PERIOD.

Citation : Thiruvengada Pillai Vs. Navaneethammal and Anr. Judgment :

 

According to Supreme Court judgement dated 19/02/2008 in the case of Thiruvengada Pillai Vs. Navaneethammal and Anr., the stamp papers do not have any expiry period. Relevant extract from SC Judgement is reproduced herein below: "The Indian Stamp Act, 1899 nowhere prescribes any expiry date for use of a stamp paper. Section 54 merely provides that a person possessing a stamp paper for which he has no immediate use (which is not spoiled or rendered unfit or useless), can seek refund of the value thereof by surrendering such stamp paper to the Collector provided it was purchased within the period of six months next preceding the date on which it was so surrendered. The stipulation of the period of six months prescribed in section 54 is only for the purpose of seeking refund of the value of the unused stamp paper, and not for use of the stamp paper. Section 54 does not require the person who has purchased a stamp paper, to use it within six months.



Attached File : 473053 1141327 stamp paper validity judgment thiruvengada pillai vs navaneethammal and anr.doc downloaded 78 times

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@VaibhavJ
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[ Scorecard : 31105]
Posted On 26 February 2013 at 15:01

Its not recent one passed in 2008, however thanks for sharing info along with case law...

 

Bookmarked..



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