There were 6 partners at the time of purchasing the subject land.
Partnership was registered. ( as represented in the sale Deeds).
In the sale Deed, Person A is represnting the Firm as Partner and had got the property registered.
My question is Did the retiring partners who had on retirment, taken the properties as their share with the consent of other partners as recorded in Confirmation Deed, have the legl rights over the property ?
They have obtained Khatha and are remitting taxes to the Office of Grama Panchyathi.
and by not quoting the value of the property, in the confirmation deed, have they evaded Stamp Duty ?