42. Power to exempt from taxation power to refund.- (1) The State Government, by notification in the Official Gazette may, in the case of any society or class of societies, reduce or remit, whether prospectively or retrospectively, in the whole of the State or any part thereof-
(a) the stamp duty with which, under any law relating to stamp duty for the time being in force, instruments executed by or on behalf of a society or by an officer or member thereof and relating to the business of the society, or any class of such instruments, or awards of the Registrar or Co-operative Court under this Act, are respectively chargeable,
(b) any fee payable by or on behalf of a society under the law relating to the registration of documents and to court-fees, for the time being in force, and
(c) any other tax or fee or duty (or any portion thereof) payable by or on behalf of a society under any law for the time being in force, which the State Government is competent to levy.
(2) The State Government may refund the amount of any tax, fee or duty paid in pursuance of any law referred to in sub-section (1) in such circumstances, to such extent and subject to such terms and conditions, if any, as the State Government may by order determine.
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