State Of U.P.Now Uttarakhand & Anr vs Vinit Traders & Investment Ltd.& Anr

The Supreme Court addressed the issue of whether a sale deed executed by Aditya Mills Ltd. in favor of Vinit Traders could be treated as a lease deed for stamp duty purposes. The Court held that the nature of the transaction must be determined based on the intent of the parties and the actual terms of the deed, emphasizing that the classification of the document should align with its substance rather than its form. The appeal was allowed, overturning the High Court's decision that had treated the sale deed as a lease deed for stamp duty.