Parth Pawar’s firm Amadea must pay Rs21cr stamp duty with 1% penalty, rules state revenue authority

Pune: Maharashtra's Chief Controlling Revenue Authority (CCRA) Ravindra Binwade has rejected Amadea Enterprises LLP's appeal and confirmed the Joint District Registrar and Collector of Stamps' order of Dec 10, 2025, demanding Rs 21 crore in stamp duty, along with 1% penalty, with effect from May 20, 2025, against unauthorised stamp duty exemption in the controversial Mundhwa land deal.As on Dec 19, 2025, the 1% penalty stood at Rs 1.46 crore.The April 28 order by Binwade, also the Inspector General of Registrations (IGR), stated that Amadea had 60 days, from the date of receipt of the order, to file an appeal before state govt as per provisions under the Maharashtra Stamp Act. "We will exercise the remedy of moving an appeal before state govt," senior advocate Bhalchandra Nikte, representing Amadea, told TOI. "The order states that the firm can challenge it before state govt under Section 53 B of the Maharashtra Stamp Act within 60 days," he said.The appeal was in relation to the registration of a sale deed registered on May 20, 2025, between Amadea — in which Digvijay Patil and Parth Pawar (son of deputy CM Sunetra Pawar) are partners — and Sheetal Tejwani, the power of attorney (PoA)-holder on behalf of the 272 original holders of a 40-acre erstwhile Mahar Watan land in Mundhwa for a consideration of Rs 300 crore. The Annual Statement of Rates (ASR) valuation of the land was Rs 294.65 crore.Amadea, which intended to develop a data center on the land, paid a mere Rs 500 stamp duty by claiming 100% exemption under the govt's Feb 1, 2024, notification (which provides such duty waiver to IT/ITES units) based on a Letter of Intent (LoI) issued by the District Industries Centre (DIC).In his order, Binwade held that the LoI "is an expression of intent by the industries department to support the proposed project and not a certification of the unit's eligibility for stamp duty exemption." The DIC's no-objection certificate was one of the mandatory conditions for Amadea to qualify for the exemption, which was not the case, Binwade ruled.The CCRA in the order dismissed Amadea's arguments challenging the municipal cess counted as part of the duty shortfall and jurisdiction of the Collector of Stamps in issuing the impugned (under challenge) order, among other things.Joint Inspector General of Registration and Stamps Rajendra Muthe told TOI that the final order was passed after giving Amadea Enterprises LLP an opportunity to be heard. "The firm has been directed to pay the amount specified in the order, which includes the deficit stamp duty along with the penalty applicable till the date of payment,'' he said.The DIC, while responding to a query by the IGR officials, had clarified that the LoI alone was insufficient for availing exemption. The revenue authority held that the NOC was a mandatory pre-condition and absence of the document at the time of execution invalidated the exemption claim. The order also rejected the firm's plea that the 2% municipal cess formed part of stamp duty and dismissed its challenge to proceedings initiated under sections 33 and 39 of the Stamp Act.The CCRA assessed total liability at about Rs 21 crore, including 5% duty and 2% cess. On deducting the Rs 500 duty already paid, the authority worked out the deficit duty to Rs 21 crore and Rs 1.46 crore penalty.