https://www.taxtmi.com/caselaws?id=217086 A scheme of amalgamation or arrangement sanctioned under Section 391 of the Companies Act, 1956 is treated as a transfer of property between distinct juristic persons and not merely an internal reorganisation. On that basis, it falls within the stamp law as an inter vivos transfer with the trappings of a sale, so appropriate stamp duty is attracted in West Bengal. The 1937 exemption notification was held inapplicable because it referred to Schedule 1, not Schedule 1-A, and therefore did not govern the West Bengal regime. The corporate holding-subsidiary relationship did not alter the legal character of the transfer for stamp purposes. en-us Wed, 12 Sep 2012 00:00:00 +0530 Wed, 13 Feb 2013 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217086 A scheme of amalgamation or arrangement sanctioned under Section 391 of the Companies Act, 1956 is treated as a transfer of property between distinct juristic persons and not merely an internal reorganisation. On that basis, it falls within the stamp law as an inter vivos transfer with the trappings of a sale, so appropriate stamp duty is attracted in West Bengal. The 1937 exemption notification was held inapplicable because it referred to Schedule 1, not Schedule 1-A, and therefore did not govern the West Bengal regime. The corporate holding-subsidiary relationship did not alter the legal character of the transfer for stamp purposes. Case-Laws Companies Law Wed, 12 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217086