This article discusses a Delhi High Court case involving Ambuja Cements Limited, which challenged the imposition of stamp duty on a merger order under the Indian Stamp Act. The court examined the applicability of an exemption provided under the 1937 Notification, which exempts certain mergers betwee...
Blog tagged as Stamp Duty
Merger and Acquisitions (M&A) in India’s IT Industry
16.12.24 07:12 AM - Comment(s)
This article examines the evolving mergers and acquisitions (M&A) landscape in India's IT sector in 2024, with a focus on the critical role of due diligence. It explores essential due diligence areas, including intellectual property, data privacy, cybersecurity, and compliance with emerging laws...
Supreme Court Analysis of Stamp Duty
01.10.24 08:44 AM - Comment(s)
The Article discusses the Supreme Court's ruling in Seetharama Shetty vs. Monappa Shetty clarifying procedures for handling insufficiently stamped documents under the Karnataka Stamp Act, emphasizing a balanced approach that prioritizes revenue collection without unduly penalizing legitimate cl...