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Mundhwa land deal: ₹21 crore penalty for Parth Pawar's firm upheld
The Maharashtra Chief Controlling Revenue Authority rejected Amadea Enterprises LLP's appeal and upheld an order directing payment of nearly ₹21 crore in stamp duty and penalties linked to a 40-acre Mundhwa land deal. The original ruling was issued on December 10, 2025, and an April 28, 2026 order confirmed the liability. The sale deed was executed on May 20, 2025, with a stamp duty exemption claimed but later deemed untenable.
Why It Matters
The case involves Parth Pawar, a political figure connected to the Deputy Chief Minister, and highlights issues around stamp duty exemptions and regulatory oversight in high-value land transactions.
Timeline
8 Events
May 12, 2026: Article published
May 12, 2026
The article detailing the decision was published.
April 28, 2026: Chief Controlling Revenue Authority upholds ruling
April 28, 2026
The Chief Controlling Revenue Authority Ravindra Binwade rejected Amadea Enterprises LLP's appeal and upheld the December 10, 2025 ruling, directing payment of ₹21 crore and penalties.
December 10, 2025: Ruling on stamp duty liability
December 10, 2025
The Joint District Registrar Class-I and Collector of Stamps, Pune City, assessed total stamp duty liability at ₹21 crore, with 5% duty under Article 25 of Schedule I and 1% levies under Sections 149A and 149B of the Maharashtra Municipal Corporations Act. After adjusting ₹500 already paid, the deficit was ₹20,99,99,500. Penalty proceedings under Section 39 of the Maharashtra Stamp Act were initiated, calculated at 1% per month from May 20, 2025, amounting to ₹1,46,99,765 up to December 19, 2025, with further accrual until payment. The firm was given 60 days to challenge the order under Section 53B.
December 4, 2025: Hearing held
December 4, 2025
Amadea Enterprises LLP appeared through its advocates and submitted a detailed written reply; hearing on the show-cause notices related to the Mundhwa deal.
November 10, 2025: Show-cause notices issued
November 10, 2025
Show-cause notices were issued in relation to the Mundhwa sale deed and stamp duty exposure.
October 30, 2025: Show-cause notices issued
October 30, 2025
Show-cause notices were issued in connection with the Mundhwa land deal and stamp duty liability.
May 20, 2025: Stamp duty waiver and ₹500 paid
May 20, 2025
During the sale deed execution, stamp duty of ₹21 crore was waived and Amadea Enterprises LLP paid ₹500 as stamp duty, claiming exemption under the Maharashtra IT/ITES Policy 2023 based on a Letter of Intent from the District Industries Centre.
May 20, 2025: Sale deed for Mundhwa land executed
May 20, 2025
A sale deed for 40 acres of Mundhwa government land was executed, transferring ownership to Amadea Enterprises LLP, co-owned by Parth Pawar, from Sheetal Tejwani, for ₹300 crore.