HARNATH Vs. DURGALAL

JUDGEMENT

(1.) THIS is a revision application by the defendant against an order of the Senior Civil Judge, Gangapur, holding that a promissory note for Rs. 5,000/- executed on 26.1.61 and stamped with four one anna stamps was sufficiently stamped and was admissible in evidence.

(2.) I have duly considered the arguments addressed at the Bar and am satisfied that the above decision is erroneous. Under the Rajasthan Court-Fee and Stamp Duty Laws (Extension) Act, 1958 which came into force on 3.4.58 the stamp duty on a promissory note which was formerly four annas was changed to 25 nP. Under sec. 8(b) of the Act it was permissible to use four one anna stamps instated of 25 nP. stamp upto 31.5.59 only. Thereafter the use of four one anna stamps on such a promissory note was not permissible.