Stamp Duty -- Settlement Between Grandchild and Grandparent -- Term "family" does not include grandparents; settlement not chargeable at family rate
Stamp Act, 1899, Art.58(a)(i) Explanation (as amended by State of Tamil Nadu) -- Stamp Duty -- Settlement Between Grandchild and Grandparent -- The term "family" in the Explanation to Article 58(a)(i) cannot be read to include grandfather and grandmother. A settlement executed by grandchildren in favour of grandparents does not qualify as a settlement between members of a family and is chargeable to stamp duty under the appropriate provisions, and not under Article 58(a)(i) of the Act.
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