Demerger comes within purview of reconstruction; HC directs demerged co. to pay stamp duty according

CL : Scheme of arrangement between parent company and resulting company was of demerger which amounts to reconstruction as per article 20(d) of Schedule-I of Gujarat Stamp Act, 1958 and applicant was required to pay for change of ownership as per section 2(g) and article 20(d) of Schedule-I of Stamp Act