The petitioner calls in question the order dated 17.11.2015 passed by the first respondent, confirming the order dated 04.06.2015 of the second respondent. By the said order dated 17.11.2015, the first respondent rejected the statutory revision preferred by the petitioner and directed her to pay the deficit stamp duty of Rs. 5,34,788/- together with penalty of Rs. 1,212/- as has been assessed by the second respondent in respect of the lease deed dated 06.04.2015.

2. The facts which led to the institution of the aforesaid writ petition can be briefly stated as follows:-

(i) A large tract of land measuring 1550 acres was owned by M/s. Mahindra World City Developers Limited. The said owner in turn has executed perpetual lease in favour of the fourth respondent in respect of the land measuring 218.982 acres from and out of the 1550 acres owned by them by means of various registered sale deeds for the purpose of development of residential facilities. The fourth respondent is a duly approved Small Economic Zone Co-developer which was recognised by the Board of Approval, Ministry of Commerce and Industry, Government of India by a letter of approval dated 24.08.2008 whereby the fourth