Allahabad HC Upholds Stamp Duty Exemption for Equitable Mortgage by Deposit of Title Deeds

In a significant judgement, the Allahabad High Court has upheld that no stamp duty is payable on an equitable mortgage created merely by deposit of title deeds, in the absence of a written instrument evidencing an agreement for such deposit.  The judgement was delivered on May 30, 2024 by a full bench comprising Justices Siddharth,

To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.