https://www.taxtmi.com/caselaws?id=795643 For Government mining leases whose value cannot be ascertained at execution, the proviso to Section 26 of the Indian Stamp Act, 1899 requires stamp-duty valuation based on estimated anticipated royalty rather than dead rent alone. Royalty depends on mineral extraction, while dead rent is a fixed minimum linked to leased area; Form K under the Mineral Concession Rules, 1960 adopts anticipated royalty for this purpose. Article 33(a) of Schedule 1-A does not override this lease-specific rule. The 1993 circular, which estimates royalty using the highest applicable basis among stated production, scheduled quantity and dead rent, is consistent with the statutory framework and is not ultra vires. en-us Thu, 23 Jul 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795643 For Government mining leases whose value cannot be ascertained at execution, the proviso to Section 26 of the Indian Stamp Act, 1899 requires stamp-duty valuation based on estimated anticipated royalty rather than dead rent alone. Royalty depends on mineral extraction, while dead rent is a fixed minimum linked to leased area; Form K under the Mineral Concession Rules, 1960 adopts anticipated royalty for this purpose. Article 33(a) of Schedule 1-A does not override this lease-specific rule. The 1993 circular, which estimates royalty using the highest applicable basis among stated production, scheduled quantity and dead rent, is consistent with the statutory framework and is not ultra vires. Case-Laws Indian Laws Thu, 23 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795643