Delhi High Court quashes ₹218 crore stamp duty demand against Ambuja Cement

The Court noted that a 1937 notification provides an exemption from stamp duty payment when the transaction in focus is a merger between to companies owned by the same parent company.
Ambuja Cement
Ambuja Cement
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The Delhi High Court recently quashed a 2014 order by the Collector of Stamps which had demanded that Ambuja Cement Ltd. pay around ₹218 crores as stamp duty following its 2011 merger with Ambuja Cements India Private Limited (ACIPL) [Ambuja Cement Ltd. vs. Collector of Stamps, Delhi].

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