Allowed
State of Rajasthan v. Indus Tower Ltd.
Rajasthan HCSAW/938/2019
Case brief
AI extract
What is this about?
The Court rejected the lessee's claim for reduced stamp duty under notification dated 05.03.2003. Lease deeds containing security deposits were classified under the higher duty rate category, not the exemption category, despite the absence of a premium.
What did the court decide?
The common order and Tax Board judgment were set aside; the exemption notification dated 05.03.2003 declared inapplicable; the respondent liable to pay full stamp duty.