the corresponding article in Schedule — THE INDIAN STAMP ACT, 1899 (2 of 1899)

2. the corresponding article in Schedule Subs. Bihar (Amdt.) Act 15 of 1988. tgage gage ethe or oth or with th tgage ale of property subject to a mortgage Sane or money charged, together or or other tgage or oth ale of property subject to a mortgage of Sane or money charged, together with the Explanation.—In the case rance, any unpaid mortga Explanation.—In the case to be part of the consideration for incumbrance, any unpaid mortgage (if any) due on the same, shall be deemed incumbrance, any unpaid mortg interest (if any) due on the same, shall be deemed P the sale: le: P Provided that, where property, subject to a mortgage, 'S banstemee toe , he shall be entitled to deduct from the duty payable on the transfer, the e. Provided that, where property, subject to a mortgagee, he shall be entitled to deduct from the t of any duty already paid in respect of the mortgage, 'S banstemee toe duty payable on the transfer, the mortgage. mortgagee, he shall be entitled to deduct fr amount of any duty already paid in respect om the duty payabl of the mortgage. i i ildi ildi ng! "S" bject to equitable from Comments and Case i ildi ng! "G" company selling lands and buildings to "S" company reciied by "G" company for obtaining deferred payme Su i ildi ng! "G" company selling lands and buildings to "S" wwonguge reciied by "G" company for obtaining deferred payment — the amount of such contingent liability under equitable mortg ect guarantee from d also wwonguge reciied by "G" company for obtaining deferred payme Bank — the amount of such contingent liability under equitable mortgage geable for stamp duty. Samaiya Organics (India) Ltd. vs. Board of an would also f Revenue, Bank — the amount of such contingent liability under equitab be chargeable for stamp duty. Samaiya Organics (India) Ltd. AIR 1986 SC 403. mortgage would also vs. Board of Revenue, be AIR 1986 SC 403. Comments and Case-law i ng! buildings to "S" co Stamp duty would be payable on the and buildings plus the amoun Stamp duty would be payable sale of lands and buildings plus the amoun A security for any contingent sale of lands and buildings plus the amoun been created. A security for any contingent futur

Section 2