consolidated stamp duty on the Equity Share Certificates, they are still liable in law to pay the stamp duty on Fully Convertible Debentures ... Debentures are concerned, the petitioner-company has not issued any Debenture Certificate in respect of the entire Partly Convertible Debentures and, therefore, no stamp duty
supra), the Bombay High Court dealt with the issue of stamp duty on debenture issues and held that it was an allowable deduction ... contended on behalf of the Department that payment of stamp duty on debenture was not an allowable deduction but the Tribunal rejected the contention
Stamp Duty is correct or not: and (2) Whether the claim of the respondent herein that the stamp duty is payable on the debentures under ... large difference in the quantum of the rate of stamp duty. The stamp duty actually charged and paid under Article
company without
payment of stamp duty as conveyance cannot be construed to be a non-payment
of applicable stamp duty to a conveyance ... Schedule of the Indian Stamp Act , exemption of stamp
duty is granted to any debenture deed provided that such debenture is expressed
in terms
company without
payment of stamp duty as conveyance cannot be construed to be a non-payment
of applicable stamp duty to a conveyance ... Schedule of the Indian Stamp Act , exemption of stamp
duty is granted to any debenture deed provided that such debenture is expressed
in terms
this case the Division Bench was concerned
about the stamp duty paid on debentures issued whether was allowable as the
item of deduction under Section ... Firstly, whether the Tribunal was right in holding that the
stamp duty paid on debenture issue was an allowable item of
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details of deficit stamp DUTY payable by the
petitioner and release the said pending document on receipt of deficit stamp
duty and registration charges ... pending on the ground that, the stamp duty not correctly paid
and there is deficit of stamp duty payable by the petitioner. The petitioner
judgment relates to
allowability of expenditure incurred on payment of Stamp duty
for debenture issue and, therefore, we are of the considered
opinion that ... judgment relates to
allowability of expenditure incurred on payment of Stamp duty
for debenture issue and, therefore, we are of the considered
opinion that
debenture certificates while failing to distinguish in partly convertible
debenture and fully convertible debentures. The AO was correct in
considering the stamp duty charges ... failed to distinguish
partly convertible debentures and fully convertible debentures furnished and
therefore, any expenditure incurred considering the stamp duty charges for
issue of debentures
been chargeable under the Indian Stamp (Punjab Amendment) Act, 1922, with a higher rate of duty be the duty with which the principal of original ... policies of insurance, transfer of shares, debentures, proxies and receipts, and in relation to any other stamp duty chargeable under this Act falling within Entry
