Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
Cross country pipeline classification and ITC entitlement: pipelines outside factory treated as immovable, ITC disallowed under Section 17 restriction...
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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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