Vivo Mobile India Pvt. Ltd. Thr Baidyanath Banerjee v. State of Maharashtra Thr Dept of Registration of Stampsand Ors.
Case brief
What is this about?
Vivo Mobile India Pvt. Ltd. v. State of Maharashtra, Writ Petition No. 11481 of 2024, High Court of Judicature at Bombay, decided 14 January 2025 (G. S. Kulkarni & Advait M. Sethna, JJ.): stamp duty of Rs. 10,00,000 under Article 54 and penalty of Rs. 80,000 on a bank guarantee format (agreement consideration Rs. 2,199 crores) and penalty of Rs. 87,96,000 on a sponsorship agreement; refund applications undecided; writ disposed of relegating petitioner to revision under section 32(C) of the Mumbai Stamp Act, 1958 before the Chief Revenue Authority without limitation objection; return of original IPL agreement; contentions kept open; no costs; order later modified/corrected by Speaking-to-Minutes Order dated 27/01/2025.
What did the court decide?
Liberty to file a revision under section 32(C) of the Mumbai Stamp Act, 1958 within two weeks against the levy of stamp duty of Rs. 10,00,000/- and penalty of Rs. 80,000/- on the bank guarantee document and the penalty of Rs. 87,96,000/- on the sponsorship agreement; the revision to be decided by the Chief Revenue Authority in accordance with law, without an objection as to limitation and expeditiously, with an order on any prayer for return of original documents within two weeks of filing; liberty to make a prayer for return of the original documents; all contentions expressly kept open; disposed of with no costs.