1955 (3) TMI 46 - HC - Indian Laws

Summary

The High Court of Madras held that a lease of properties related to a touring cinema, which is collapsible and capable of being removed, is not chargeable to stamp duty under Article 30(a)(1) of the Stamp Act. The court determined that the equipment of the touring cinema does not fall within the category of immovable property, as it is not permanently fastened to the earth when in use. The lease deed did not indicate any immovable property, and therefore, stamp duty was not applicable.