#stamp duty exemption

The Madhya Pradesh High Court ruled that a company’s loan for seed farming qualifies as an agricultural purpose under Notification 25.09.2006, entitling it to stamp duty exemption on mortgage deeds-even though the borrower is a corporate entity. This clarifies that corporate structure does not disqualify agricultural financing from statutory exemptions, benefiting agri-entrepreneurs and rural lenders alike.

The Calcutta High Court has ruled that a duly registered deed of copyright assignment under the Copyright Act, 1957 qualifies for stamp duty exemption under Article 23 of the Indian Stamp Act, 1899, rejecting the demand for formal 'entry' as an outdated procedural hurdle. This clarifies the rights of IP assignees and eliminates a major compliance burden for copyright transactions across India.

Madhya Pradesh High Court rules that compensation awards under Section 3-G of the National Highways Act, 1956, are statutory remedies-not contractual arbitrations-thus exempt from stamp duty under the Indian Stamp Act. The decision clarifies that land acquisition disputes resolved through statutory arbitration do not attract stamp duty obligations, impacting execution proceedings for enhanced compensation claims.