In a relief to owners of properties, the High Court of Karnataka has declared that no stamp duty is liable to be paid on the compensation amount awarded by the arbitrator under the National Highways Authority Act, 1956, for the properties acquired by the National Highways Authority of India.
The Court also held that “award of compensation rendered by the arbitrator in terms of Section 3-G of the National Highways Act, 1956, is not an arbitral award in terms of Article 11 of the Karnataka Stamp Act, 1957, requiring it to be stamped in terms of the said Article.”
Justice Suraj Govindaraj passed the order while allowing a petition filed by 78-year-old Shalini, a resident of Tilakwadi in Belagavi, and another person.
