https://www.taxtmi.com/caselaws?id=313439 Stamp duty on increase in a company's authorised share capital in Delhi could not be imposed without an express statutory entry in Article 10 of Schedule IA of the Indian Stamp (Delhi Amendment) Act, 2007. Because stamp duty is a fiscal levy, it requires clear legislative authority and cannot be inferred by implication. The absence of a specific provision therefore defeated the demand, and the existence of separate enabling provisions in other States reinforced that an express amendment was necessary for such a levy. en-us Tue, 24 Jul 2012 00:00:00 +0530 Mon, 15 Apr 2024 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313439 Stamp duty on increase in a company's authorised share capital in Delhi could not be imposed without an express statutory entry in Article 10 of Schedule IA of the Indian Stamp (Delhi Amendment) Act, 2007. Because stamp duty is a fiscal levy, it requires clear legislative authority and cannot be inferred by implication. The absence of a specific provision therefore defeated the demand, and the existence of separate enabling provisions in other States reinforced that an express amendment was necessary for such a levy. Case-Laws Indian Laws Tue, 24 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313439