https://www.taxtmi.com/caselaws?id=421582 A single assignment agreement already charged to stamp duty as a conveyance under Article 20(a) of the Bombay Stamp Act could not be subjected to a second levy under Article 45(f) merely because it contained an incidental irrevocable power of attorney schedule. The power to deal with the secured asset arose from the SARFAESI framework, not from a separate taxable PoA, and Article 45(f) applies only to an independent power of attorney given for consideration and authorising sale of immovable property. Once the instrument had been correctly stamped under the applicable provision, the Revenue could not split it and impose duty again on the same document. en-us Tue, 26 Apr 2022 00:00:00 +0530 Thu, 28 Apr 2022 08:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421582 A single assignment agreement already charged to stamp duty as a conveyance under Article 20(a) of the Bombay Stamp Act could not be subjected to a second levy under Article 45(f) merely because it contained an incidental irrevocable power of attorney schedule. The power to deal with the secured asset arose from the SARFAESI framework, not from a separate taxable PoA, and Article 45(f) applies only to an independent power of attorney given for consideration and authorising sale of immovable property. Once the instrument had been correctly stamped under the applicable provision, the Revenue could not split it and impose duty again on the same document. Case-Laws Indian Laws Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421582