High Court Upholds Stamp Duty on Merger of J.P. Morgan and Bear Stearns India Entities. The Bombay High Court ruled on the imposition of stamp duty in a merger between J.P. Morgan Securities India Pvt. Ltd. and Bear Stearns Financial Services, affirming the government's right to levy stamp duty on the pre-merger share value....
The Bombay High Court dismissed J.P. Morgan Securities India's challenge to a stamp duty demand arising from its merger with Bear Stearns Financial Services. The court held that the stamp duty was cor...
