STAMP.
No. 8 of 1921.
2583.
9A. Whenever any instrument is tendered for stamping, the Collector may require to be furnished with an abstract of the instrument, and also with such evidence as he may deem necessary in order to show to his satisfaction whether all the facts and circumstances affecting the liability of the instrument to duty, or the amount of the duty chargeable thereon, are fully and truly set forth therein.
10.--(1) Where any minimum amount is prescribed below which stamp duty shall not be payable, no person shall execute more instruments than would ordinarily be necessary for the transaction in question, in order to evade stamp duty by such splitting.
(2) Where a scale is prescribed under which the rate of stamp duty is increased after passing certain limits, no person shall execute more instruments than would ordinarily be necessary for the transaction in question, in order to evade stamp duty by such splitting.
(3) In any question whatsoever arising under this section, the onus of proof shall lie upon the person who asserts that there has been no splitting in order to evade stamp duty.
11.-(1) Where stamp duty is required or permitted by law to be denoted by an adhesive stamp, such stamp shall be cancelled in such a manner as to render it incapable of being used again for any revenue purpose.
(2) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped before execution, or before issue, or before being parted with by the maker, or before the doing of any other act, the first person executing, or the person issuing, or the maker, or the person doing such other act, as the case may be, shall cancel the adhesive stamp before execution, or before issuing, or before parting with the instrument, or before doing such other act, as the case may be.
(3) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped within a certain period after any event, the person affixing the adhesive stamp shall cancel it forthwith and before he parts with the instrument.
* As amended by No. 21 of 1921 and Law Rev. Ord., 1924.
† As amended by No. 21 of 1921.
As amended by Law Rev. Ord., 1924, c. 39, s. 8.
STAMP.
No. 8 of 1921.
2583
.
9A. Whenever any instrument is tendered for stamping, Collector to the Collector may require to be furnished with an abstract ve
have power of the instrument, and also with such evidence as he may abstract and deem necessary in order to show to his satisfaction whether evidence. all the facts and circumstances affecting the liability of the instrument to duty, or the amount of the duty chargeable thereon, are fully and truly set forth therein.
+
10.--(1) Where any minimum amount is prescribed Splitting. below which stamp duty shall not be payable, no person shall execute more instruments than would ordinarily be necessary for the transaction in question, in order to evade stamp duty by such splitting.
(2) Where a scale is prescribed under which the rate of stamp duty is increased after passing certain limits, no person shall execute more instruments than would ordinarily be necessary for the transaction in question, in order to evade stamp duty by such splitting.
(3) In any question whatsoever arising under this section, the onus of proof shall lie upon the person who asserts that there has been no splitting in order to evade stamp duty.
stamps.
11.-(1) Where stamp duty is required or permitted by Cancellation law to be denoted by an adhesive stamp, such stamp shall of adhesive be cancelled in such a manner as to render it incapable of 54 & 55 Via. being used again for any revenue purpose.
(2) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped before execution, or before issue, or before being parted with by the maker, or before the doing of any other act, the first person executing, or the person issuing, or the maker, or the person doing such other act, as the case may be, shall cancel the adhesive stamp before execution, or before issuing, or before parting with the instrument, or before doing such other act, as the case may be.
(3) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped within a certain period after any event, the person affixing the adhesive stamp shall cancel it forthwith and before he parts with the instrument.
* As amended by No. 21 of 1921 and Law Rev. Ord., 1924.
† As amended by No. 21 of 1921.
As amended by Law Rev. Ord., 1924,
c. 39, s. 8.
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