Allowed
State of Rajasthan v. Indus Tower Ltd.
Rajasthan HCSAW/225/2019
Case brief
AI extract
What is this about?
State appeals against dismissal of its writ petitions on stamp duty levied on lease deeds executed in favour of a telecom infrastructure lessee. The lessee had claimed the concessional rate under an exemption notification of 05.03.2003. Holding the notification inapplicable to leases stipulating a refundable security deposit, the court allowed the appeals and set aside the orders of the Tax Board
What did the court decide?
Appeals allowed; the orders of the learned Single Judge and the Tax Board set aside; declared that notification dated 05.03.2003 does not apply to the class of leases executed in favour of Indus Tower