Supreme Court · 2010 INSC 746 · Decided 27 October 2010
State of Uttaranchal v. M/S. Khurana Brothers
- Court
- Supreme Court of India
- Citation
- 2010 INSC 746 · [2010] 12 S.C.R. 1108
- Case number
- CIVIL APPEAL No. 5876/2009
- Decided
- 27 October 2010
- Bench
- P. SATHASIVAM, RAJENDRA MAL LODHA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Stamp Act Section 2, 2(10)
Headnote
Stamp Act, 1899: s. 2(1 O); Schedule 1-B; Article 23 - C Contract of sale - Auction - Bid - Acceptance of bid - In terms of the contract, auctioned lot remained at purchaser's risk from the date of acceptance of its bid and seller was not responsible for any loss and damage in auctioned lot vested in the purchaser as a result of subject o contract, it amounted to transfer of movable property and 'conveyance' as defined uls.2(10) and was chargeable to stamp duty under Article 23, Schedule 1-B - Contract - Sale of goods Act, 1930 - s.4. E Contract: Contract of
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