https://www.taxtmi.com/caselaws?id=101326 Agreements permitting entry to cut and remove forest produce were treated as licences, not leases, because they created no estate or interest in land, gave no exclusive possession, and only allowed ancillary use of the land; stamp duty as a lease was therefore not chargeable. Annual auctions of forest produce did not amount to a business of sale, as the transactions lacked the frequency and regularity required to make the Government a dealer; sales tax was therefore not payable on the bid amounts. Security deposits retained under the auction conditions did not create any right in specified property and were not mortgages; stamp duty on that basis was therefore not payable. en-us Wed, 17 Mar 1976 00:00:00 +0530 Sat, 19 Jul 2014 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101326 Agreements permitting entry to cut and remove forest produce were treated as licences, not leases, because they created no estate or interest in land, gave no exclusive possession, and only allowed ancillary use of the land; stamp duty as a lease was therefore not chargeable. Annual auctions of forest produce did not amount to a business of sale, as the transactions lacked the frequency and regularity required to make the Government a dealer; sales tax was therefore not payable on the bid amounts. Security deposits retained under the auction conditions did not create any right in specified property and were not mortgages; stamp duty on that basis was therefore not payable. Case-Laws VAT and Sales Tax Wed, 17 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101326