Hindustan Lever & Anr vs State Of Maharashtra & Anr on 18 November, 2003
46. The Revenue has also placed reliance on the decision of the
Hon’ble Supreme Court in the case of Hindustan Lever Ltd. Vs.
State of Maharashtra [reported in AIR 2004 SC 326], which
pertains to levy of stamp duty on the order of amalgamation passed
under Section 394 of the Companies Act and while considering the said
issue, the Court analyzed as to what was the effect of the scheme of
amalgamation and the entire discussion proceeded with regard to the
effect of the order of the High Court approving the scheme of
amalgamation qua the provisions of the Indian Stamp Act. We are of
the view that this decision is distinguishable on facts.