https://www.taxtmi.com/caselaws?id=210863 The court held that stamp duty is payable on transfers pursuant to schemes of amalgamation or demerger under the Companies Act, based on Supreme Court precedent. The 1937 notification providing remission of stamp duty does not apply as Article 23 now falls under Schedule IA. The judgment emphasized the binding nature of Supreme Court decisions, stating that orders sanctioning such schemes are chargeable with stamp duty. An order sanctioning a scheme is considered an instrument and conveyance, subject to stamp duty under the relevant statutes. The court directed authorities to ensure stamp duty payment for effective property transfers under such 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 The court held that stamp duty is payable on transfers pursuant to schemes of amalgamation or demerger under the Companies Act, based on Supreme Court precedent. The 1937 notification providing remission of stamp duty does not apply as Article 23 now falls under Schedule IA. The judgment emphasized the binding nature of Supreme Court decisions, stating that orders sanctioning such schemes are chargeable with stamp duty. An order sanctioning a scheme is considered an instrument and conveyance, subject to stamp duty under the relevant statutes. The court directed authorities to ensure stamp duty payment for effective property transfers under such schemes. Case-Laws Companies Law Wed, 08 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210863