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• Maharashtra’s Chief Controlling Revenue Authority has upheld a stamp duty demand and penalty amounting to nearly INR 21 crore against Amadea Enterprises LLP over a land transaction in Mundhwa, Pune.
• The dispute relates to the acquisition of approximately 40 acres of former Mahar Watan land for around INR 300 crore through a sale deed registered in May 2025.
• Authorities found that the firm claimed stamp duty exemption under the state’s IT/ITES policy without securing the required approval from the District Industries Centre.
• The registration department ruled that the concession was incorrectly availed after only INR 500 was paid during execution of the transaction.
• The matter remains under legal and administrative scrutiny, with the company expected to pursue further remedies under the Maharashtra Stamp Act.
The Maharashtra State Chief Controlling Revenue Authority (CCRA) has upheld a demand of nearly INR 21 crore in stamp duty and penalties against Amadea Enterprises LLP in connection with a high-value land transaction in Mundhwa, Pune involving a firm linked to Parth Pawar. Advertisement
The order, passed by the Inspector General of Registration and Chief Controlling Revenue Authority earlier this month, dismissed the company’s challenge against an earlier ruling issued by the Joint District Registrar and Collector of Stamps, Pune City. The dispute relates to a sale deed executed in May 2025 for the purchase of nearly 40 acres of land in Mundhwa for around INR 300 crore.
According to revenue department findings, the transaction involved erstwhile Mahar Watan land and was registered after the company claimed full exemption from stamp duty under provisions of the Maharashtra IT/ITES Policy 2023. At the time of registration, only INR 500 was paid towards stamp duty.
Authorities, however, concluded that the exemption conditions had not been fulfilled. The order stated that the company had not obtained the mandatory no-objection certificate from the District Industries Centre (DIC), which is required for availing concessions under the policy framework.
During proceedings, the firm relied on a letter of intent issued in relation to a proposed data centre project on the site. The revenue authority held that the document could not be treated as final approval for exemption eligibility and therefore did not satisfy statutory requirements under the Maharashtra Stamp Act.
Based on the official valuation of the land parcel, the registration department recalculated the applicable duty and cess payable on the transaction. After accounting for the nominal amount already deposited, the deficit liability was assessed at close to INR 21 crore.
The authorities also upheld the levy of penalty provisions applicable under the Maharashtra Stamp Act for short payment of duty. The penalty component continues to accrue until the outstanding amount is paid.
The Mundhwa transaction has attracted wider scrutiny over the past several months owing to questions surrounding the status and transferability of the land. The deal involved multiple landholders represented through a power-of-attorney arrangement during execution of the sale deed.
Separate investigations and police complaints have also been initiated in relation to the transaction, including proceedings involving certain individuals connected to the deal and government officials associated with the registration process.
Amadea Enterprises LLP, in which Parth Pawar and Digvijay Patil are partners, is expected to challenge the latest order before the state government under the appellate provisions available in the Maharashtra Stamp Act. Legal representatives for the firm have indicated that further remedies permitted under law would be pursued.
Source - PTI
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