Recovery of stamp duty not levied or short levied

(1) Where any instrument chargeable with duty has not been duly stamped, the Chief Controlling Revenue Authority or any other officer authorised by the State Government (hereinafter referred to as the authorised officer) may, within 2[five years]2 from the date of commencement of the Karnataka Stamp (Amendment) Act, 1980 or the date on which the duty became payable whichever is later, serve notice on the person by whom the duty was payable requiring him to show cause why the proper duty or the amount required to make up the same should not be collected from him: Provided that where the non-payment was by reason of fraud, collusion or any wilful mis-statement or suppression of facts or contravention of any of the provisions of this Act or of the rules made thereunder with intent to evade payment of duty, the provisions of this sub-section shall have effect, as if for the words 2[five years]2 the words 2[ten years]2 were substituted:

Provided further that nothing in this sub-section shall apply to instruments executed prior to first day of April, 1972.

¹ Inserted by Act 15 of 1980 w.e.f. 1.4.1972.

² Substituted by Act 16 of 1983 w.e.f. 1.4.1972.

Explanation.— Where the service of a notice, under this sub-section is stayed by an order of a court, the period of such stay shall be excluded in computing the aforesaid period of 1 [five years]1 or 1[ten years]1, as the case may be.

¹ Substituted by Act 16 of 1983 w.e.f. 1.4.1972.

1. (2) The Chief Controlling Revenue Authority or the authorised officer shall, after considering the representation, if any, made by the person on whom notice is served under sub-section (1), determine the amount of duty due from such person (not being in excess of the amount specified in the notice) and thereupon such person shall pay the amount so determined.
2. (3) Any person aggrieved by an order under sub-section (2), may prefer an appeal before the Karnataka Appellate Tribunal within three months from the date of such order. 1[(4) All duties payable under this section shall be recovered in accordance with provisions of section 46.]1]1

¹ Substituted by Act 24 of 1999 w.e.f. 18.8.1999.