MARATHON CONSTRUCTION COMPANY (PVT.) LTD. versus OIL AND GAS DEVELOPMENT COMPANY LTD.
Section 2 (6), Schedule I, Article 12 [as amended by the Punjab Finance Act (XIX of 2004)] Award Section 2 (6), Imposition of Stamp Duty Expression on execution of Stamp Act, 1899, scope trial The court created the award roll. The court and the applicant were instructed to pay penalty and stamp duty on the award at 3 ad advertisement price. The applicant's assertion was that there was no stamp duty payable on the award as the award was created after the execution of a contract. It was Islamabad and under the agreement the payment was deemed to be correct when such device was executed as stated in section 2 (6) of the Stamp Act, 1899, clearly indicating that any The device had to be sealed according to the time and place where it was awarded. In Lahore, Article 12 of the Schedule of the Stamp Act, 1899, imposed stamp duty on 2% ad valorem unlike other parts of the country, where the maximum stamp duty of only Rs 50 should be fixed on the award, Regardless of that. The value of the subject award was subject to payment of stamp duty but at the rate of 2% ad valorem instead of 3% ad valorem as the award was given in Lahore, at that time the duty of the Collector of District Collector was payable in the Treasury of Lahore. There was no penalty paid the amendment was dealt with accordingly
Related judgments — Lahore High Court Lahore, 2010
