Subs. by ibid. — THE INDIAN STAMP ACT, 1899 (2 of 1899)

3. Subs. by ibid. Court or any Authority and that the period of the Bond had expired or that it was not barred by limitation cannot save the document from being impounded. Ashokam vs. Deputy Collector,AIR 1996 Ker. 98. A Public Officer is not barred from impounding a deed of transfer under section 33. The Stamp Act is a fiscal enactment with the primary object of raising revenue for the State, Board of Revenue vs. Electronic Industries of India,AIR 1996 SC 616. Bond.—An "Instrument" creating fresh obligation to pay money to the State which becomes void upon payment being made, is a "Bond" under the Indian Stamp Act, and is liable to be assessed to stamp duty, Stafe of which becomes void upon payment being made, is a "Bond" under the Indian Stamp Act, and is liable to be assessed to stamp duty, Stafe of Kerala vs. Mcdowell and Co. Ltd. AIR 1995 SC 1445. be asses Co. Ltd. AIR 1995 SC 1445.

Section 3