Navaikulam Service Co-Operative Bank Ltd. No. 964 v. Land Revenue Commissioner
Case brief
What is this about?
The Kerala High Court dismissed a writ petition by a cooperative bank challenging orders demanding payment of deficit stamp duty with penalty. The Court held that reopening transactions and fresh demands are not forbidden, as the petitioner does not qualify for the benefits of relevant Government Orders or judgments clarifying such reopening protections.
What did the court decide?
The Writ Petition is dismissed without any costs. The petitioner must pay the deficit stamp duty with penalty as directed.