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Stamp duty: Ad industry fails to get relief

The Bombay High Court on Wednesday did not give any relief to the advertising industry which has filed a petition against a new law that levies stamp duty on advertising-related contracts.

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The Bombay High Court on Wednesday did not give any relief to the advertising industry which has filed a petition against a new law that levies stamp duty on advertising-related contracts.


The division bench of Chief Justice Swatanter Kumar and Justice Dhananjay Chandrachud made it clear that advertising firms will have to furnish the information regarding such contracts as required by collector stamps.

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