https://www.taxtmi.com/caselaws?id=175400 Correspondence that invited an offer for lease and was accepted only in relation to a future transaction amounted to an agreement to lease, not a present demise. On the surrounding correspondence, the parties had merely undertaken to execute a lease later, and the respondent was recognised as acting as promoter for a cooperative housing society. A mere executory agreement to lease is not a lease and is not chargeable to stamp duty under the Bombay Stamp Act, 1958. The contractual benefit of that agreement could also be assigned, supported by the subsequent governmental sanction of transfer in favour of the cooperative society, making the revenue's demand unsustainable. en-us Fri, 11 Feb 1994 00:00:00 +0530 Fri, 20 Nov 2015 09:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175400 Correspondence that invited an offer for lease and was accepted only in relation to a future transaction amounted to an agreement to lease, not a present demise. On the surrounding correspondence, the parties had merely undertaken to execute a lease later, and the respondent was recognised as acting as promoter for a cooperative housing society. A mere executory agreement to lease is not a lease and is not chargeable to stamp duty under the Bombay Stamp Act, 1958. The contractual benefit of that agreement could also be assigned, supported by the subsequent governmental sanction of transfer in favour of the cooperative society, making the revenue's demand unsustainable. Case-Laws Indian Laws Fri, 11 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175400