STATE OF U.P. vs AMBRISH TANDON

The Supreme Court held that the High Court was justified in quashing the order dated 27.09.2004 of the Additional Collector (Finance & Revenue) under Sections 47A/33 of the Indian Stamp Act, 1899, which demanded additional stamp duty and imposed a penalty. The Court found that the valuation of the property was not substantiated adequately by the authorities, and the respondents had already paid the requisite stamp duty based on the sale deed. Consequently, the appeal by the State was dismissed, upholding the High Court's decision.