1934 (3) TMI 23

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.... the case are similar to those in Civil Reference No. 31 of 1934 decided by us today Bhola Ram & Sons Ltd. v. Emperor (150 I. C. 781). On February 1, 1933, Lala Dina Nath of Delhi who was carrying on business under the name and style "Iron and Steel Works" entered into an agreement for transfer of the business to a company named "Laxmi Iron and Steel Manufacturing Co., Ltd." According to the agree....

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....An objection was raised in the office of the Registrar, Joint Stock Companies, Delhi, who is also the Collector for the Delhi Province that the agreement in question was liable to stamp duty as a conveyance. The objection was upheld by the Collector and the company was ordered to pay Rs. 3,366 by way of stamp duty together with a penalty, of an equal amount. The. company applied to the Chief Commi....