Under the Indian Stamp Act, 1899, who may recover the penalty for an instrument that is not duly stamped?
Section 48 permits the Collector to recover duties, penalties and other sums due under the Act through distress and sale of movable property or the prescribed land-revenue…
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Under the Indian Stamp Act, 1899, who may recover the penalty for an instrument that is not duly stamped?
Answer and explanation
Correct answer B
Section 48 permits the Collector to recover duties, penalties and other sums due under the Act through distress and sale of movable property or the prescribed land-revenue recovery process. The question asks the statutory recovery authority, which is the Collector, rather than the government generally or a District Court.
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Himachal Pradesh Judicial Services