https://www.taxtmi.com/caselaws?id=22712 An instrument styled as a trust deed that effects a non-testamentary disposition of immovable property for religious and charitable purposes falls within the Stamp Act definition of a "settlement". The substance of the document, not its label, determines liability; where the writing records such a disposition by way of declaration of trust or otherwise, it is covered by section 2(24). Because the instrument answered two possible stamp descriptions and the duties differed, section 6 required the higher duty to be applied. It was therefore chargeable as a settlement under article 58 of Schedule 1B, not merely as a declaration of trust under article 64. en-us Wed, 02 Nov 1988 00:00:00 +0530 Sat, 12 Dec 2009 14:24:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22712 An instrument styled as a trust deed that effects a non-testamentary disposition of immovable property for religious and charitable purposes falls within the Stamp Act definition of a "settlement". The substance of the document, not its label, determines liability; where the writing records such a disposition by way of declaration of trust or otherwise, it is covered by section 2(24). Because the instrument answered two possible stamp descriptions and the duties differed, section 6 required the higher duty to be applied. It was therefore chargeable as a settlement under article 58 of Schedule 1B, not merely as a declaration of trust under article 64. Case-Laws Income Tax Wed, 02 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22712