High Court of Karnataka Quashes BDA's Demand for Stamp Duty on 'Donation' in Lease Deed — Word 'Donation' in Lease Context Held Not to Mean Gift but Premium or Consideration. The court applied the principle of contextual interpretation to hold that 'donation' in a lease deed executed by BDA was a premium for the lease, not a gift, and thus not subject to stamp duty.
3 Jan 2023The petitioner, Suchitra Cinema and Cultural Academy, a trust registered under the Indian Trusts Act, 1882, had entered into a lease agreement with th...
