Pune: Revenue Authority Upholds ₹21 Crore Stamp Duty Demand In Mundhwa Land Transaction
Pune: Revenue Authority Upholds ₹21 Crore Stamp Duty Demand In Mundhwa Land Transaction
Pune, May 13, 2026: The Maharashtra State Chief Controlling Revenue Authority has upheld a stamp duty and penalty order of nearly ₹21 crore in connection with a high-value land transaction in Mundhwa, Pune, rejecting an appeal filed by Amadea Enterprises LLP.
In an order issued on April 28, 2026, Chief Controlling Revenue Authority Ravindra Binwade confirmed an earlier decision passed by the Joint District Registrar (Class-1) and Collector of Stamps, Pune City, on December 10, 2025. The case relates to the registration of a sale deed involving around 40 acres of land in Survey No. 88 at Mundhwa.
According to officials, the land transaction, executed on May 20, 2025, was valued at ₹300 crore. Although the Annual Statement of Rates (ASR) valuation of the property stood at ₹294.65 crore, stamp duty was calculated based on the higher transaction value. However, the company reportedly paid only ₹500 as stamp duty, citing a complete exemption under the Maharashtra IT/ITES Policy 2023 based on a Letter of Intent issued by the District Industries Centre (DIC), Pune.
The revenue authority ruled that the exemption claim was not legally valid and allowed recovery proceedings to continue. Reports state that the company has links to Parth Pawar, son of Deputy Chief Minister Ajit Pawar, who is said to hold a majority stake in the firm. The authority has granted the company permission to challenge the decision before the state government under Section 53B of the Maharashtra Stamp Act within 60 days.
Earlier, the stamp department had issued multiple show-cause notices in October and November 2025 and later conducted a hearing in December. After examining the sale deed and supporting documents, officials determined that the total stamp duty liability amounted to ₹21 crore. This included the applicable duty under the Maharashtra Stamp Act as well as additional levies under provisions of the Maharashtra Municipal Corporations Act, 1949.
After deducting the ₹500 already paid during registration, authorities calculated the pending stamp duty at ₹20.99 crore. Penalty proceedings were also initiated under the Maharashtra Stamp Act, with the penalty amount reaching over ₹1.46 crore by December 19, 2025. Officials stated that additional penalties would continue to accumulate until the outstanding amount is paid.
The Collector of Stamps had directed the company to clear the dues within 60 days, warning that coercive recovery action under Section 46 of the Maharashtra Stamp Act would be initiated in case of non-payment.
During the appeal proceedings, the company argued that once a document is registered, any action regarding deficit stamp duty should be initiated only through the sub-registrar under Section 33A of the Act. However, the authority rejected this argument, stating that the powers granted to the Collector of Stamps under Sections 33 and 39 are independent and legally valid.
