https://www.taxtmi.com/caselaws?id=313218 A consent decree transferring immovable property may be treated as a conveyance and instrument under the Bombay Stamp Act, 1958 where its contents show transfer of title, receipt of full consideration, delivery of possession, and an express stipulation that it shall operate as a conveyance. The Court applied a wide construction to the inclusive definitions in sections 2(g) and 2(1), holding that the judicial form of the decree does not exclude its stampable character when its real effect is an inter vivos transfer of rights. The 1985 amendment was treated as declaratory, and the earlier Full Bench ruling was distinguished on its facts; the decrees were held chargeable to stamp duty. en-us Thu, 13 Feb 1992 00:00:00 +0530 Mon, 01 Apr 2024 14:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313218 A consent decree transferring immovable property may be treated as a conveyance and instrument under the Bombay Stamp Act, 1958 where its contents show transfer of title, receipt of full consideration, delivery of possession, and an express stipulation that it shall operate as a conveyance. The Court applied a wide construction to the inclusive definitions in sections 2(g) and 2(1), holding that the judicial form of the decree does not exclude its stampable character when its real effect is an inter vivos transfer of rights. The 1985 amendment was treated as declaratory, and the earlier Full Bench ruling was distinguished on its facts; the decrees were held chargeable to stamp duty. Case-Laws Indian Laws Thu, 13 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313218