https://www.taxtmi.com/caselaws?id=210863 A court-sanctioned scheme of amalgamation or demerger under the Companies Act, 1956 is treated as an instrument and conveyance under the West Bengal Stamp Act because it effects a transfer of property and liabilities through a legally operative order. The absence of a separate express charging entry does not prevent stamp duty from applying where the general charging and definitional provisions cover such transfers. The earlier 1937 remission notification was held inapplicable in the present State regime, so it cannot be used to avoid duty on such sanctioned schemes. en-us Wed, 08 Feb 2012 00:00:00 +0530 Mon, 11 Feb 2013 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210863 A court-sanctioned scheme of amalgamation or demerger under the Companies Act, 1956 is treated as an instrument and conveyance under the West Bengal Stamp Act because it effects a transfer of property and liabilities through a legally operative order. The absence of a separate express charging entry does not prevent stamp duty from applying where the general charging and definitional provisions cover such transfers. The earlier 1937 remission notification was held inapplicable in the present State regime, so it cannot be used to avoid duty on such sanctioned schemes. Case-Laws Companies Law Wed, 08 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210863