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 between subsidiaries of a common parent company from stamp duty. The court upheld the exemption, providing clarity on the continued applicability of historical exemptions in corporate restructuring, particularly for closely held corporate groups.

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 claims.