STATE OF PUNJAB vs MAHAJAN SABHA

The Supreme Court addressed the applicability of Section 47A(3) of the Indian Stamp (Punjab Amendment) Act, 1982, regarding the limitation period for the Collector to demand stamp duty after the registration of a sale deed. The Court held that once the Sub-Registrar registers a document, he becomes functus officio and cannot refer the matter to the Collector for collecting deficit stamp duty after two years, as per the limitation prescribed. The appeal was dismissed, upholding the High Court's decision in favor of the respondents.