Under the Indian Stamp Act, 1899, in case of a counterpart of a lease, in the absence of any agreement…
In the absence of an agreement to the contrary, section 29(c) places the stamp expense for a counterpart of a lease on the lessor. Section 29(b) separately places the…
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Under the Indian Stamp Act, 1899, in case of a counterpart of a lease, in the absence of any agreement to the contrary, the expenses for providing proper stamp shall be borne by
Answer and explanation
Correct answer B
In the absence of an agreement to the contrary, section 29(c) places the stamp expense for a counterpart of a lease on the lessor. Section 29(b) separately places the ordinary lease or agreement-to-lease expense on the lessee. The distinction between the lease and its counterpart is decisive.
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Himachal Pradesh Judicial Services