Deepak Nitrite has received favorable orders regarding stamp duty matters. An order from September 9, 2024, demanding ₹21,00,000 in stamp duty and ₹50,000 penalty has been set aside. Another order from September 9, 2024, seeking ₹86,10,000 in stamp duty and a ₹50,000 penalty, has been remanded back to the Dy. Collector for reassessment of documentary evidence. The announcement was made on January 7, 2026.
Favorable Outcome on Stamp Duty Appeals
Deepak Nitrite announced updates regarding appeals filed against orders from the Deputy Collector, Stamp Duty Valuation Department, Section-2, Vadodara. The Chief Controlling Revenue Authority, Gandhinagar, passed two orders on December 31, 2025, received on January 7, 2026.
Key Order Details
The order dated September 9, 2024, which sought recovery of stamp duty of ₹21,00,000 and a penalty of ₹50,000, has been completely set aside.
Remand for Reassessment
Regarding the order also dated September 9, 2024, concerning the recovery of stamp duty amounting to ₹86,10,000 and a penalty of ₹50,000, the matter has been remanded back to the Deputy Collector for a reassessment of documentary evidence.
Source: BSE
