https://www.taxtmi.com/caselaws?id=312993 A notification issued under section 9 of the Indian Stamp Act may validly amend an existing exemption, because the power to grant exemption includes the power to vary or rescind it. The instrument was treated as a conveyance within the charging scheme, and the burden of stamp duty fell on the grantee under section 29 and the contract terms; the proviso to section 3(bb) did not shift liability to the State. The five-thousand-rupee ceiling in item No. 11 of the amended exemption was read as governing the whole entry, including the general category of forest-produce conveyances, so instruments above that limit lost exemption and remained liable to stamp duty. en-us Thu, 27 May 1999 00:00:00 +0530 Mon, 18 Mar 2024 18:07:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312993 A notification issued under section 9 of the Indian Stamp Act may validly amend an existing exemption, because the power to grant exemption includes the power to vary or rescind it. The instrument was treated as a conveyance within the charging scheme, and the burden of stamp duty fell on the grantee under section 29 and the contract terms; the proviso to section 3(bb) did not shift liability to the State. The five-thousand-rupee ceiling in item No. 11 of the amended exemption was read as governing the whole entry, including the general category of forest-produce conveyances, so instruments above that limit lost exemption and remained liable to stamp duty. Case-Laws Indian Laws Thu, 27 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312993