Parth firm hit with Rs.42-crore fee to cancel controversial land deal
Pune, Nov. 9 -- The firm linked to Maharashtra deputy chief minister Ajit Pawar's son, Parth Pawar, will now have to pay Rs.42 crore in stamp duty and penalties to register the cancellation of the controversial Rs.300-crore land deal in Pune, officials aware of the matter said on Saturday, with chief minister Devendra Fadnavis reiterating that the case is being taken as per law and there is no question of saving anybody.
The land deal under scrutiny involved around 40 acres in Mundhwa, valued at over Rs.300 crore, which was sold to Amadea Enterprises LLP - a firm in which Parth Pawar holds 99% stake and his cousin Digvijay Patil 1%. The registration was carried out by Tejwani, who held power of attorney for 272 individuals shown as landowners. Officials have alleged that the sale violated ownership restrictions on government land and that stamp duty was illegally waived. Two FIRs have been registered in the case, though Parth Pawar is not named in them.
His father Ajit Pawar, however, has maintained that his son had decided to cancel the transaction and submit affidavits to that effect.
On Saturday, the deputy CM said: "(Irrespective of) Whoever is involved, proper investigation must be conducted in the Mundhwa land deal. The inquiry has begun and all information will soon come out."
Amid mounting political pressure, an official aware of the matter said that the Department of Registration and Stamps has informed Digvijay Amarsinh Patil, the cousin of Parth Pawar and a partner in Amadea Enterprises LLP that the firm must pay the earlier 7% stamp duty (5% under the Maharashtra Stamp Act, 1% Local Body Tax and 1% Metro Cess), as it had sought an exemption by claiming a data centre was proposed on the land. "Now that the cancellation deed has been submitted, the purpose of the data centre also stands scrapped. Therefore, in accordance with a government notification, it is necessary to pay stamp duty and penalty at 5%, plus 1 per cent cess each for local body and Metro rail, totalling 7% as per Section 25(b)(1) of the Maharashtra Stamp Act," the letter stated....
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