Sanctioned scheme of amalgamation/arrangement attracts Stamp Duty-HC

HIGH COURT OF CALCUTTA ITP Ltd. versus Union of India A.P.O. NOs. 114 & 136 OF 2012 C.P. NOS. 398 & 627 OF 2011 SEPTEMBER 12, 2012 JUDGMENT Preface Ashim Kumar Banerjee. J. – Both these appeals would relate to a short but important question as to whether a scheme of amalgamation and/or arrangement sanctioned by the High Court under Section 391 of the Companies Act, 1956 (hereinafter referred to as the said Act of 1956) would attract the mischief of Indian Stamp Act, 1899 in the State of West Bengal and, if so, to what extent. 2. The appellants contended before th...