https://www.taxtmi.com/caselaws?id=301838 The court determined that the Hundi in question was payable otherwise than on demand and required stamp duty. Contrary to the trial court's ruling, the document was found to be a Hundi, not a bill of exchange payable on demand. Citing legal precedents, the court clarified that a document promising payment after a specified period is not considered payable on demand. The trial court's decision was overturned, and the petitioner-defendant prevailed. The case was remanded to the trial court for further proceedings, with no costs awarded. en-us Fri, 22 Dec 1972 00:00:00 +0530 Fri, 22 Apr 2022 18:45:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301838 The court determined that the Hundi in question was payable otherwise than on demand and required stamp duty. Contrary to the trial court's ruling, the document was found to be a Hundi, not a bill of exchange payable on demand. Citing legal precedents, the court clarified that a document promising payment after a specified period is not considered payable on demand. The trial court's decision was overturned, and the petitioner-defendant prevailed. The case was remanded to the trial court for further proceedings, with no costs awarded. Case-Laws Indian Laws Fri, 22 Dec 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301838