Allowed
The State of Rajasthan v. Indus Tower Ltd.
Rajasthan HCSAW/59/2019
Case brief
AI extract
What is this about?
Leases reserving rent and requiring security deposits were held outside the stamp-duty concession for leases with fixed rent and no premium. Although the concession notification survived repeal, it did not cover these leases. The State’s appeals were allowed, the challenged orders set aside, and recovery proceedings directed.
What did the court decide?
Single Judge’s and Tax Board’s orders set aside; concession held inapplicable to the leases; competent authority directed to initiate recovery of deficient stamp duty.