https://www.taxtmi.com/caselaws?id=292031 An instrument must be classified for stamp purposes on its own face: where it contains an unconditional promise to pay on demand, is attested, and is not payable to order or bearer, it is a bond and not a promissory note. The amendment enlarging negotiability under the law of negotiable instruments could not be imported to alter its stamp character. The court also held that, after suits had been finally disposed of and decrees signed and sealed, the Subordinate Judge lacked jurisdiction to direct deposit of stamp duty and penalty under the Stamp Act. The impugned orders were set aside. en-us Wed, 05 Jan 1927 00:00:00 +0530 Mon, 19 Jul 2021 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292031 An instrument must be classified for stamp purposes on its own face: where it contains an unconditional promise to pay on demand, is attested, and is not payable to order or bearer, it is a bond and not a promissory note. The amendment enlarging negotiability under the law of negotiable instruments could not be imported to alter its stamp character. The court also held that, after suits had been finally disposed of and decrees signed and sealed, the Subordinate Judge lacked jurisdiction to direct deposit of stamp duty and penalty under the Stamp Act. The impugned orders were set aside. Case-Laws Indian Laws Wed, 05 Jan 1927 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292031