https://www.taxtmi.com/caselaws?id=184477 For ad valorem stamp duty on a sale deed, section 24 of the Indian Stamp Act includes unpaid mortgage money or money charged with interest only where the property is sold subject to the mortgage or encumbrance. Applying strict construction of this taxing provision, the Court treated the expressed consideration of Rs. 1,00,000 as the only chargeable amount because the larger sums were linked to other items or had already been paid to the bank before execution, and the remaining Rs. 11,000 was undertaken by the vendors themselves rather than by a sale subject to that charge. The additional mortgage-related amounts were therefore excluded from stamp duty. en-us Thu, 26 Nov 1964 00:00:00 +0530 Sat, 09 Jul 2016 14:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184477 For ad valorem stamp duty on a sale deed, section 24 of the Indian Stamp Act includes unpaid mortgage money or money charged with interest only where the property is sold subject to the mortgage or encumbrance. Applying strict construction of this taxing provision, the Court treated the expressed consideration of Rs. 1,00,000 as the only chargeable amount because the larger sums were linked to other items or had already been paid to the bank before execution, and the remaining Rs. 11,000 was undertaken by the vendors themselves rather than by a sale subject to that charge. The additional mortgage-related amounts were therefore excluded from stamp duty. Case-Laws Indian Laws Thu, 26 Nov 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184477