Supreme Court of India
Nasiruddin & Anr. Etc. v. The State of Uttar Pradesh through Secretary & Ors
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1 Supreme Court bench has cited this judgment.
What the Court ordered
We are of the considered opinion that the contract in question is a "Lease" as defined in Section 2( 16)( c) of the Stamp Act and is accordingly chargeable to payment of stamp duty as per the rates prescribed in Article 35 of Schedule I of the Stamp Act as "Lease".
Judgment, page 10
From the headnote
Stamp Act, 1899 - ss. 2(12). 2(14), 2(16) and Art.35 of Schedule I - Respondent No.3-Corporation and appellants entered into a formal contract - Each appellant was to carry out the work c of collection of "Tehbazari" and "Parking Fees" in terms of contract - Dispute arose as to the true nature of the contract and stamp duty payable by the appellants - Corporation demanded requisite stamp duty payable under the Stamp Act whereas as per Collector of Stamps the appellants were liable to pay stamp duty@ Rs. 701- per thousand on the contract amount treating the co/lfract as Lease - High Court
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