Supreme Court settles the power of State to levy stamp duty on insurance policies: Life Insurance Corporation of India vs. State of Rajasthan (2024) INSC 358 (30 April 2024)

/ Constitutional Law, Constitutional Law with Entry 44 of List III, Constitutional Law with Entry 91 of List I, Indian Stamp Act, 1899, Indian Stamp Act, 1899 with Section 3A, Legislative Powers, Rajasthan Stamp Law (Adaptation) Act, 1952

Supreme Court Upholds Rajasthan’s Power to Levy Stamp Duty on Insurance Policies, Grants Relief to LIC LEGAL ISSUE: Whether a state government has the power to levy and collect stamp duty on insurance policies issued within the state, especially when the rate of stamp duty is set by the Union government. CASE TYPE: Civil Law […]

Supreme Court settles the power of State to levy stamp duty on insurance policies: Life Insurance Corporation of India vs. State of Rajasthan (2024) INSC 358 (30 April 2024) Read Post »