https://www.taxtmi.com/caselaws?id=165314 An agreement to sell immovable property that provides for delivery of possession without execution of a conveyance may be deemed a conveyance for stamp duty purposes under Explanation I to Article 25 of Schedule I to the Bombay Stamp Act, 1958. The statute levies duty on the instrument itself, so the challenge that the charge was really on a transaction rather than on an instrument failed. Because the agreement contemplated sale, consideration, and possession, and omitted any conveyance as contemplated by the flats legislation, it fell within the deeming provision. The levy was upheld and the challenge to stamp duty failed. en-us Thu, 28 Jan 1999 00:00:00 +0530 Wed, 02 Jul 2014 19:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165314 An agreement to sell immovable property that provides for delivery of possession without execution of a conveyance may be deemed a conveyance for stamp duty purposes under Explanation I to Article 25 of Schedule I to the Bombay Stamp Act, 1958. The statute levies duty on the instrument itself, so the challenge that the charge was really on a transaction rather than on an instrument failed. Because the agreement contemplated sale, consideration, and possession, and omitted any conveyance as contemplated by the flats legislation, it fell within the deeming provision. The levy was upheld and the challenge to stamp duty failed. Case-Laws Indian Laws Thu, 28 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165314