|Delhi High Court
Notification No.13 of 1937 Exempts Intra-Group Amalgamation of Wholly Owned Subsidiaries from Stamp Duty | Freecharge Payment Technologies v. Collector of Stamps : Delhi HC
Delhi HC quashed a ₹70 crore stamp duty demand on Freecharge Payment Technologies, ruling that Notification No.13 of 1937 exempts intra-group amalgamation of wholly owned subsidiaries from stamp duty under the Indian Stamp Act, 1899. The decision benefits corporate groups undertaking internal restructurings by removing stamp duty on such schemes.