https://www.taxtmi.com/caselaws?id=96578 An agreement to sell business undertakings, assets and goodwill was treated as a contract to be completed later, not as an instrument that itself transferred property, so it was not chargeable with stamp duty as a conveyance. The immovable properties were conveyed only under a separate deed, movable properties could pass by delivery, and goodwill was not transferred by the agreement itself. Section 104 of the Indian Companies Act, dealing with filing of agreements for future share allotment, did not alter the instrument's character under the Stamp Act or require conveyance duty. The agreement was therefore treated as duly stamped as an agreement, not as a deed of transfer. en-us Tue, 26 Jan 1932 00:00:00 +0530 Mon, 09 Jan 2012 15:23:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96578 An agreement to sell business undertakings, assets and goodwill was treated as a contract to be completed later, not as an instrument that itself transferred property, so it was not chargeable with stamp duty as a conveyance. The immovable properties were conveyed only under a separate deed, movable properties could pass by delivery, and goodwill was not transferred by the agreement itself. Section 104 of the Indian Companies Act, dealing with filing of agreements for future share allotment, did not alter the instrument's character under the Stamp Act or require conveyance duty. The agreement was therefore treated as duly stamped as an agreement, not as a deed of transfer. Case-Laws Companies Law Tue, 26 Jan 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96578