https://www.taxtmi.com/caselaws?id=776892 The Karnataka Stamp Act, 1957 treats the duty under Section 3 as the Schedule duty and separately imposes additional duty under Section 3B at 10% on specified instruments. For a conveyance approving a scheme of arrangement under the Companies Act, the cap in Article 20(4) limits only the duty chargeable under Section 3 and does not absorb the separate surcharge under Section 3B. Section 3C, despite its non obstante wording, operates only to prevent duty under other laws from exceeding the Act's maximum and does not curtail the independent levy under Section 3B. The statutory framework therefore allows the additional stamp duty over and above the capped Schedule duty. en-us Wed, 06 Aug 2025 00:00:00 +0530 Thu, 21 Aug 2025 08:35:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776892 The Karnataka Stamp Act, 1957 treats the duty under Section 3 as the Schedule duty and separately imposes additional duty under Section 3B at 10% on specified instruments. For a conveyance approving a scheme of arrangement under the Companies Act, the cap in Article 20(4) limits only the duty chargeable under Section 3 and does not absorb the separate surcharge under Section 3B. Section 3C, despite its non obstante wording, operates only to prevent duty under other laws from exceeding the Act's maximum and does not curtail the independent levy under Section 3B. The statutory framework therefore allows the additional stamp duty over and above the capped Schedule duty. Case-Laws Companies Law Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776892