Supreme Court · 1985 INSC 244 · Decided 29 November 1985
Somaiya Organics (India) LTD., ETC. v. Board of Revenue, U.P., ETC.
- Court
- Supreme Court of India
- Citation
- 1985 INSC 244 · [1985] SUPP. 3 S.C.R. 786
- Case number
- CIVIL APPEAL No. 988/1972
- Decided
- 29 November 1985
- Bench
- E.S. VENKATARAMIAH, R.B. MISRA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Stamp Act Section 4, 24, 56(2)
Headnote
Indian Stamp Act, 1899 ss.4 and 24, Article 23, Schedule I-B ~ Immoveable property - Property subject to equitable mortgage - Sale of property - Consideration for sale - Computa­ tion of - For levy of stamp duty on sale deed - Debt, actual or contingent - Whether to forn. part of - Meaning of - Indian Stamp .'ct, 1899 s.24. Godavari Sugar Mills - appellant in Civil Appeal No. 989 of 1972 - was the owner of a distillery plant consisting of the lands, buildings, machinery etc. It entered into a technical collaboration Agre""1ent and obtained a deferred payment
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