https://www.taxtmi.com/caselaws?id=296542 An agreement to lease is chargeable as a lease under Article 36 of the Bombay Stamp Act, 1958 only if it effects an immediate and present demise or transfers a present interest in the property. Here, the document repeatedly treated the occupier as a licensee, limited use to construction-related entry, and expressly postponed any legal interest until execution and registration of a future lease. It therefore remained a mere agreement to lease, not an operative lease in praesenti, and was not chargeable to stamp duty as a lease. en-us Fri, 09 Apr 1999 00:00:00 +0530 Tue, 27 Jul 2021 14:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296542 An agreement to lease is chargeable as a lease under Article 36 of the Bombay Stamp Act, 1958 only if it effects an immediate and present demise or transfers a present interest in the property. Here, the document repeatedly treated the occupier as a licensee, limited use to construction-related entry, and expressly postponed any legal interest until execution and registration of a future lease. It therefore remained a mere agreement to lease, not an operative lease in praesenti, and was not chargeable to stamp duty as a lease. Case-Laws Indian Laws Fri, 09 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296542