The State Of Punjab vs M/S Ferrous Alloy Forgings P Ltd

The Supreme Court upheld the High Court's decision regarding the issuance of a sale certificate under Section 89(4) of the Indian Registration Act, 1908, affirming that the Respondent No.1 was entitled to the original sale certificate and a refund of the stamp duty paid. The Court clarified that the stamp duty should be computed based on the actual sale consideration rather than the higher valuation determined by the Registrar. The ruling emphasized the necessity of adhering to the provisions of the Registration Act and the Code of Civil Procedure, 1908 in auction sales.