https://www.taxtmi.com/caselaws?id=159777 Transfer of shares in a co-operative society, where the instrument also transfers rights to occupy specified premises, is treated as a conveyance under the Bombay Stamp Act, 1958 when the real substance of the transaction is transfer of an interest in immovable property. The SC applied the earlier principle that stamp duty depends on the true nature of the transaction, not its form, and that an instrument transferring possession and beneficial enjoyment of premises in substance attracts duty as a conveyance. The transaction was therefore chargeable to stamp duty under Article 25. en-us Thu, 20 Jul 2000 00:00:00 +0530 Mon, 30 Jun 2014 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159777 Transfer of shares in a co-operative society, where the instrument also transfers rights to occupy specified premises, is treated as a conveyance under the Bombay Stamp Act, 1958 when the real substance of the transaction is transfer of an interest in immovable property. The SC applied the earlier principle that stamp duty depends on the true nature of the transaction, not its form, and that an instrument transferring possession and beneficial enjoyment of premises in substance attracts duty as a conveyance. The transaction was therefore chargeable to stamp duty under Article 25. Case-Laws Companies Law Thu, 20 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159777