Rajasthan Stamp Law (Adaptation) Act, 1952

Life Insurance Corporation of India (LIC) issued several insurance policies in Rajasthan between 1993-94 and 2001-02 and, due to the unavailability of India Insurance stamps in the state, purchased the stamps from Maharashtra. The Rajasthan government issued show‑cause notices demanding payment of stamp duty on those p…

Mis Khandaka Jain Jewellers entered into agreements to purchase two properties in 1983, but the vendors failed to execute sale deeds. The firm obtained specific performance decrees in 1994, after which the court executed the sale deeds in 1995 and sent them for registration. The Sub‑Registrar, invoking Section 47A of t…

Life Insurance Corporation of India (LIC) purchased postage stamps from Maharashtra, which the State of Rajasthan claimed caused revenue loss under the Rajasthan Stamp Law (Adaptation) Act, 1952. The Additional Collector issued a demand notice, which LIC challenged in a writ petition; the petition was dismissed and a s…