Articles 5th Jul 2024

Not The Final Stamp on Stamp Duty?

Authors

Supreme Kothari Partner | Mumbai
Shashank Nair Principal Associate | Chennai

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In this article “Not The Final Stamp On Stamp Duty?” published by Taxsutra, Our Partner Supreme Kothari and Principal Associate Shashank Nair critically analyse the recent ruling of the Bombay High Court in the case of Saurer Textile Solutions Pvt. Ltd, which had affirmed the levy of stamp duty on the delivery orders, associated with goods imports, under the Bombay Stamp Act. They analyse the key findings of the Bombay High Court while outlining certain propositions and interpretations which would hold relevance in the next and final leg of litigation around this issue.

In conclusion, they remark that “owing to various issues of interpretation, the Supreme Court would certainly involve itself with the matter and hence this issue would be re-looked. Therefore, the final stamp on the dispute revolving on applicability of stamp duty on the DOs will have to wait.

Read the detailed article here