Circular imposing Stamp Duty on Mergers and Amalgamations in Tamil Nadu challenged, Madras HC issues notice

Meera Emmanuel January 31 2019

The Madurai Bench of the Madras High Court has issued notice in a petition challenging a circular issued last year by the Inspector General of Registration, Tamil Nadu, to impose stamp duty on mergers and amalgamations in the state.

Justice V Bhavani Subbaroyan issued notice on Wednesday in the petition filed by alloy company, Harihar Alloys Private Limited (petitioner), through Advocates Naveen Kumar Murthi and S Varsha, challenging the 2018 circular as unlawful, arbitrary and unconstitutional.

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