Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
Section 5 of the Stamp Act applies where a single instrument embodies several distinct matters so that each is separately chargeable; the court found that the NCLT sanction order cannot be dissected into separate instruments for stamp duty by examining underlying transactions. An order originating outside the State is not chargeable under Section 19 merely because it is referenced in a local NCLT order; stamp authorities in the receiving State lack jurisdiction absent receipt or execution within that State. The impugned assessment segregating mergers into distinct transactions was erroneous; the writ is allowed and the assessment orders are quashed and set aside.
Section 5 of the Stamp Act applies where a single instrument embodies several distinct matters so that each is separately chargeable; the court found that the NCLT sanction order cannot be dissected into separate instruments for stamp duty by examining underlying transactions. An order originating outside the State is not chargeable under Section 19 merely because it is referenced in a local NCLT order; stamp authorities in the receiving State lack jurisdiction absent receipt or execution within that State. The impugned assessment segregating mergers into distinct transactions was erroneous; the writ is allowed and the assessment orders are quashed and set aside.
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