Supreme Court

Chief Controlling Revenue Authority v. Costal Gujarat Power Ltd. and Ors.

MANU/SC/0851/2015

11.08.2015

Civil

Number of transactions, not number of documents for stamp duty

In a case where the mortgagor borrowed from 13 banks in one instrument, the agreement fell under Section 5 of the Gujarat Stamp Act, 1958, the Court held. Though there was one instrument chronicling the transactions, the borrower had entered into 13 distinct loan agreements.

Relevant

Section 5 Gujarat Stamp Act, 1958 Act The Member, Board of Revenue v. Arthur Paul Benthall MANU/SC/0002/1955

Tags : stamp duty number of transactions one instrument

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