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"91 Rates of stamp duty in respect of bills of exchange, cheques, promissory notes, bills of fading letters of credit, policies of insurance, transfer of shares, debentures proxies and respects."

(12) It will be obvious form item No. 91 (List I) that acknowledgment is not one of the documents which has been taken out of item 63 (List 11), There fore, regarding acknowledgments, the State Legislature was competent to increase the rate of stamp duty within the limits of its own jurisdiction. Whether this increase could have been given effect to in a Part C State under the provision of Section 2 of the Part C State (Laws) Act Possibly would have presented no difficulty because such an extension would not offend the majority view in the Delhi Laws Act case. The learned counsel for both the parties are agreed that so far as the increase in rates is concerned no fault can be found with the extension of the Indian Stamp (East Punjab Amendment) Act. The entire argument has centered round the extension of Indian Stamp (East Punjab Amendment) Act so far as it amends Section 35 of the Indian Stamp Act.