https://www.taxtmi.com/caselaws?id=761313 A writ petition remained maintainable despite an alternative statutory appeal or revision because the challenge went to the Collector's jurisdiction. An approved amalgamation scheme may, in principle, be treated as a conveyance for stamp duty where property rights pass in presenti, but the demand and penalty could not stand here because the 1937 notification applied. The notification exempted transfers between subsidiaries under common beneficial ownership, and the petitioner and transferor were found to fall within that class. The impugned notice and adjudication were therefore unsustainable, and the petitioner obtained relief against stamp duty and penalty. en-us Wed, 06 Nov 2024 00:00:00 +0530 Fri, 08 Nov 2024 19:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761313 A writ petition remained maintainable despite an alternative statutory appeal or revision because the challenge went to the Collector's jurisdiction. An approved amalgamation scheme may, in principle, be treated as a conveyance for stamp duty where property rights pass in presenti, but the demand and penalty could not stand here because the 1937 notification applied. The notification exempted transfers between subsidiaries under common beneficial ownership, and the petitioner and transferor were found to fall within that class. The impugned notice and adjudication were therefore unsustainable, and the petitioner obtained relief against stamp duty and penalty. Case-Laws Companies Law Wed, 06 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761313