https://www.taxtmi.com/caselaws?id=212067 An order sanctioning a scheme of amalgamation or demerger was treated as an instrument and conveyance because it effects transfer of property and liabilities, making it chargeable to stamp duty under the Stamp Act. The Court noted that the definition of instrument is wide enough to cover such orders and that a prior Supreme Court view supported this treatment. The 1937 remission notification was not available after the relevant conveyance entry was carried into the State stamp law, so it could not defeat the levy. The stated legal position is that, unless a statute expressly exempts it, a court-sanctioned restructuring order attracts stamp duty in the State. en-us Thu, 02 Feb 2012 00:00:00 +0530 Sat, 19 Jan 2013 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212067 An order sanctioning a scheme of amalgamation or demerger was treated as an instrument and conveyance because it effects transfer of property and liabilities, making it chargeable to stamp duty under the Stamp Act. The Court noted that the definition of instrument is wide enough to cover such orders and that a prior Supreme Court view supported this treatment. The 1937 remission notification was not available after the relevant conveyance entry was carried into the State stamp law, so it could not defeat the levy. The stated legal position is that, unless a statute expressly exempts it, a court-sanctioned restructuring order attracts stamp duty in the State. Case-Laws Companies Law Thu, 02 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212067