Bare ActsThe Indian Stamp Act, 1899

Section 26

Stamp where value of subject-matter is indeterminate

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Stamp where value of subject-matter is indeterminate.—When the ave or value of the subject-matter of any instrument chargeable with ad valorem ? y cannot be, or (in the case of an instrument executed before the commenceme™ of this Act) could not have been, ascertained at the date of its execution oF firs! sere noining shall be claimable under such instrument mere nanihe highest amo i ue of which, if slated in an instrument of the same description, the p y used would, at the date of such execution, have been sufficient: sum total of amount of consideration for t for wich the equitable mortgage had e payments also falls within the Ltd. vs. Board of Revenue U.P. ae

Section 26 – The Indian Stamp Act, 1899 | DailyLaw.ai