https://www.taxtmi.com/caselaws?id=462702 An instrument styled as a letter of subrogation and special power of attorney was held not to be a conveyance or valid assignment attracting higher stamp duty, because the insured's underlying claim was only a right to recover damages for loss in transit. A mere right to sue for damages is not transferable as property, and the use of assignment language could not convert that claim into a conveyance. Read with the distinction between subrogation and assignment of transferable interests, the document was chargeable only as a power of attorney under Article 42(c) of Schedule I-A of the Indian Stamp Act, 1899. en-us Thu, 16 Mar 2000 00:00:00 +0530 Thu, 10 Jul 2025 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462702 An instrument styled as a letter of subrogation and special power of attorney was held not to be a conveyance or valid assignment attracting higher stamp duty, because the insured's underlying claim was only a right to recover damages for loss in transit. A mere right to sue for damages is not transferable as property, and the use of assignment language could not convert that claim into a conveyance. Read with the distinction between subrogation and assignment of transferable interests, the document was chargeable only as a power of attorney under Article 42(c) of Schedule I-A of the Indian Stamp Act, 1899. Case-Laws Indian Laws Thu, 16 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462702