BOARD OF REVENUE ETC. vs A. M. ANSARI ETC.

The Supreme Court held that the agreements for the auction of forest produce did not constitute leases under Article 31(c) of the Indian Stamp Act, 1899, as they merely granted a right to collect the produce without creating an interest in immovable property. The Court clarified that the agreements were licenses, not leases, and thus not subject to stamp duty. Additionally, the Court ruled that the security deposits did not qualify as mortgages under Article 35(c) of the Stamp Act, as they did not create a right over specified property.