https://www.taxtmi.com/caselaws?id=272113 Where an amalgamation order is expressly made subject to approval by the Board for Industrial and Financial Reconstruction, the transfer under the scheme becomes operative only on that sanction. The one-year period for presenting the instrument for stamp purposes therefore runs from the date the condition is satisfied, not from the earlier conditional company court order. On that basis, a demand for deficit stamp duty and penalty founded on the earlier date cannot be sustained, because the instrument was presented within time once the scheme took effect. en-us Thu, 04 Feb 2016 00:00:00 +0530 Sat, 27 Feb 2016 09:09:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272113 Where an amalgamation order is expressly made subject to approval by the Board for Industrial and Financial Reconstruction, the transfer under the scheme becomes operative only on that sanction. The one-year period for presenting the instrument for stamp purposes therefore runs from the date the condition is satisfied, not from the earlier conditional company court order. On that basis, a demand for deficit stamp duty and penalty founded on the earlier date cannot be sustained, because the instrument was presented within time once the scheme took effect. Case-Laws Companies Law Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272113