In Brief
MSD Real Estate LLP, a subsequent property purchaser, appealed against a High Court order upholding a demand for outstanding stamp duty deficiency and penalty on a property transferred via gift deed. The Supreme Court held that subsequent purchasers are liable for such outstanding stamp duty obligations. The Court affirmed the High Court's position that penalty cannot be deposited by post-dated cheques and that the Municipal Corporation was correct in not approving building permission when the deficiency was suppressed. Once the full amount is deposited, the Municipal authorities must reconsider the building permission application on merit. The appeal was disposed, preserving parties' rights to challenge subsequent administrative actions.
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