Supreme Court of India
Life Insurance Corporation of India v. The State of Rajasthan and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We hold that for the execution of insurance policies within the state of Rajasthan, the appellant is bound to purchase India Insurance Stamps and pay the stamp duty to the state of Rajasthan.
Judgment, page 29
From the headnote
Issue for Consideration Whether the Rajasthan Stamp Law (Adaptation) Act, 1952 or the Rajasthan Stamp Act, 1998 applies to the facts of the present case; whether the state government has the legislative competence to impose and collect stamp duty on policies of insurance as per Entry 91 of List I r/w Entry 44 of List III; whether the 1952 Act requires the purchase of insurance stamps from and payment of stamp duty to the Rajasthan government for insurance policies issued within the state; whether, in the facts of the present case, the appellant is liable to pay stamp duty. Headnotes Rajasthan
Authorities it was built on
- 2004 The State of West Bengal and Ors. v. Kesoram Industries Ltd. and Ors.
- 2008 Government of Andhra Pradesh & Ors. v. Smt. P. Laxmi Devi
- 1979 M. Karunanidhi v. Union of India
- 1999 Mathuram Agrawal v. State of Madhya Pradesh
- 1985 Govind Saran Ganga Saran v. Commissioner of Sales Tax and Ors.
- 2008 M.s.d.c Radharamanan v. M.S.D. Chandrasekara Raja and Another
- 2022 State of Karnataka & Anr. Etc. v. State of Meghalaya & Anr. Etc.
- 1972 Bar Council of Uttar Pradesh v. State of U.P. & Another
- 2001 Municipalcouncil, Kota, Rajasthan v. The Delhi Cloth and General Mills Co. Ltd.
- 1969 U.p Electric Supply Co. Ltd. v. R. K. Shukla and Anr. Etc.
- 1961 Balaji v. Income-tax Officer, Special Investigation Circle
- 2009 V.v.s Rama Sharma & Ors. v. State of U.P. & Ors.
- 2023 Vijay v. Union of India & Ors.
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