Case Law Analysis
|Bombay High Court
Article 25(da) Stamp Act | Goodwill and Share Premium Are Non-Taxable Accounting Entries in Amalgamations With No Consideration : Bombay HC
The Bombay High Court has ruled that stamp duty cannot be levied on amalgamation orders where no shares are issued and no consideration is paid, even if book entries reflect goodwill or share premium. This clarifies that accounting adjustments alone do not trigger stamp liability under Article 25(da), offering critical relief to corporate restructuring transactions across India.