Chief Controlling Revenue Authority vs Costal Gujarat Power Ltd. & Ors

The Supreme Court upheld the Gujarat High Court's decision regarding the applicability of stamp duty under the Gujarat Stamp Act, 1958, specifically Sections 5, 3(a), and 3(B). The Court ruled that the respondent, Coastal Gujarat Power Ltd, was not liable to pay the additional stamp duty of Rs. 50,41,600/- as the duty is assessed on instruments, not transactions. The Court affirmed that the single document executed sufficed for the transaction, thus supporting the High Court's interpretation of the statute.