https://www.taxtmi.com/caselaws?id=106160 A mining rights assignment deed described periodic payments as "royalty," but the instrument was construed by substance rather than label. The payments were treated as part of the consideration for the transfer because the deed showed a private payment obligation, not a sovereign or State royalty. The analysis also noted that registration endorsement did not establish that the stated cash amount was the whole consideration. Section 54 of the Transfer of Property Act was applied to reflect that a sale may be for price paid, promised, or partly paid and partly promised. en-us Mon, 25 Sep 1995 00:00:00 +0530 Tue, 17 Jun 2025 17:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106160 A mining rights assignment deed described periodic payments as "royalty," but the instrument was construed by substance rather than label. The payments were treated as part of the consideration for the transfer because the deed showed a private payment obligation, not a sovereign or State royalty. The analysis also noted that registration endorsement did not establish that the stated cash amount was the whole consideration. Section 54 of the Transfer of Property Act was applied to reflect that a sale may be for price paid, promised, or partly paid and partly promised. Case-Laws Indian Laws Mon, 25 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106160