Kamlesh P. Oza And Ors vs The State Of Maharashtra

The Supreme Court dismissed the Writ Petition challenging the levy of stamp duty on the transfer of shares in a Co-operative Housing Society, affirming that such transfers are considered conveyances under the Bombay Stamp Act, 1958. The Court held that the State Legislature possesses the competence to impose stamp duty on these transactions. The issues raised in this petition were found to be identical to those in Civil Appeal No. 3707 of 1990, which had also been dismissed.