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SC Upholds Stamp Duty on Mining Leases Based on Anticipated Royalty
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AdvertisementBirla Corporation Limited Vs State of Madhya Pradesh & Ors.
(Supreme Court of India) The Supreme Court considered an appeal arising from a dispute over the basis for calculating stamp duty payable on a mining lease granted by the State of Madhya Pradesh.
The appellant had been granted a mining lease for limestone over an area of 56.27 hectares at Village Birhauli, Tehsil Raghuraj Nagar, District Satna.
By a letter dated 02.07.2004, the District Collector, Satna, required the appellant to pay stamp duty of Rs.4,32,00,000 calculated on the basis of anticipated royalty.
The appellant challeng...