💨 Abstract

The Delhi High Court has overturned a demand for Rs218.87 crore in stamp duty and a Rs69 crore penalty from Ambuja Cement Limited. The court ruled in favor of Ambuja Cement Limited after the company challenged the Collector of Stamps, Delhi's order, stating that the order of amalgamation was exigible to stamp duty and that Ambuja Cement was covered under Notification No.

Courtesy: theprint.in

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