https://www.taxtmi.com/caselaws?id=287835 For stamp duty purposes, the discussion turns on whether instruments securing specified sums are mortgage deeds or merely agreements. The Stamp Act definition of mortgage was treated as broader than the Transfer of Property Act and capable of extending to specified property beyond immovable assets. On that reasoning, the instruments could fall within mortgage deeds for stamp purposes; however, the Court ultimately held that money was not moveable property in this context and that the instruments were not mortgage deeds. The reference was answered against the revenue, and no additional stamp duty was held payable as mortgage deeds. en-us Mon, 01 Apr 1946 00:00:00 +0530 Tue, 05 May 2020 16:53:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287835 For stamp duty purposes, the discussion turns on whether instruments securing specified sums are mortgage deeds or merely agreements. The Stamp Act definition of mortgage was treated as broader than the Transfer of Property Act and capable of extending to specified property beyond immovable assets. On that reasoning, the instruments could fall within mortgage deeds for stamp purposes; however, the Court ultimately held that money was not moveable property in this context and that the instruments were not mortgage deeds. The reference was answered against the revenue, and no additional stamp duty was held payable as mortgage deeds. Case-Laws Indian Laws Mon, 01 Apr 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287835