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Additional stamp duty not payable on increase in authorized share capital in Delhi
Case Law Details
- Case Name
- S E Investments Limited Vs Union of India and Others (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Additional stamp duty on increase in authorized share capital not payable in accordance with Article 10 of the Schedule IA of the Indian Stamp (Delhi Amendment) Act, 2007
S E Investments Limited Vs Union of India and Others -The Delhi High Court held that there is no provision for charging stamp duty on the increase in authorized stamp duty in Stamp Act. A statute authorising the levy of stamp duty is in the nature of a fiscal statute, hence stamp duty cannot be levied except by the authority of law. The High Court placed reliance on the Supreme Court of India judgment in th...
