The Punjab & Haryana High court has delivered a landmark judgement namely Gheru Lal Bal Chand Vs. State of Haryana and another on 23/09/2011 disposing off 26 writ petitions challenging the constitutional vires of section 8(3) of Haryana Value Added Tax Act, 2003 and Rule 20(1) and 20(4) of Haryana VAT Rules and the consequent assessment orders.
The Common issue involved in these writ petitions was with regard to denial of Input Tax Credit by the Assessing Authority on the ground that the dealers from whom the petitioners have purchased...
Monday, 8 July 2013
FAQs for Acquisition of a Flat in a Co-operative Society.
Q1. What are the steps involved for acquisition of a flat in Mumbai?
A1. In Mumbai, most of the flats are situated in a co-operative housing society. Hence, we will give the check list for acquisition of a flat in Mumbai in a co-operative housing society. The steps enumerated below are general in nature and may vary depending upon the facts and circumstances of each case and the understanding of the parties concerned.
Further, the sequence of the steps enumerated below may also...
Face Challenge and take initiative
George Bernard Shaw said, “Ordinary people adapt themselves to the world. The extra-ordinary persons try to adapt the world to them. Hence the progress and development of the world is through extra-ordinary people.” Life itself is a challenge and the capacity to survive challenge in human beings is so great that either they find a way or make one. What are the most important qualities that these extraordinary people posses? They are always ready to face the challenges and they are always ready to take the initiatives. The many inventions...
JUST WRONG ”THE CJI CAN ADVISE DINAKARAN TO STOP WORK.”
It is strange that Karnataka High Court Chief Justice P D Dinakaran, against whom serious charges of encroachment and illegal occupation of public land, acquisition of wealth beyond known means and abuse of office have been leveled, still continues to discharge his judicial duties. The mere existence of charges against a person is no reason to take action against him or her. But in Justice Dinakaran’s case, at least one major charge has been found correct by an authorized government official. The Thiruvallur district collector has confirmed that...
New rules for valuation of perquisites for use of motor car
The Finance (No. 2) Act, 2009, has withdrawn the levy of Fringe Benefit Tax (“FBT”) on expenditure incurred by an employer on or after 1 April 2009. Consequently, by an employee benefits which were subject to FBT have been brought back within the ambit of perquisites and taxable in the hands of employees from the financial year (“F.Y.”) 2009-10 onwards.
The relevant rules required to compute the valuation of such perquisites were awaited ever since the change was brought about by the Finance Act. Theserules have now been notified on dated 18-12-2009...
Nature Of Copyright Infringement In Internet
With the mergence of the internet and increasing use of the worldwide web possibilities of infringement of copyright have become mind boggling free and easy access on the web together with possibilities of down loading has created new issued in copyright infringement. Taking content from one site, modifying it or just reproducing it on another site has been made possible by digital technology and this has posed new challenges for the traditional interpretation of individual rights and protection. Any person with a PC (Personal Computers) and...
Marital break up must not Traumatise sons
The high and mighty are beyond reproach. However, the life of a public figure is like an open book, and any citizen can read any page. I sympathize with Shri Omar Abdullah and Smt Payal Nath, husband and wife, for the marital predicament that they are in at the moment. I wish the couple come out of this difficult situation of marital separation and live together as husband and wife once again. They will be bringing up their two sons better as parents. Separation means the children will be brought up by a single parent, perhaps the mother, and...
Bail is the rule, jail an exception, observes SC
Maintaining that bail is the rule and jail an exception, the Supreme Court on Wednesday said both seriousness of the charge and severity of punishment should be taken into account while determining bail. “Deprivation of liberty must be considered a punishment. When the undertrial prisoners are detained in jail for an indefinite period, Article 21 of the Constitution is violated,” said a bench of justice GS Singhvi and justice HL Datt while granting bail to five executives in the 2G spectrum scam.
It added: “The court owe more than verbal respect...
How Indian is Constitution of India
The Constitution of India was framed by the Constituent Assembly that was absolutely Indian. An overwhelming majority of members of the body that enacted the most important document for governance of Bharat and observe Rule of Law comprised freedom fighters who had given their best to making India free. Their credentials were above reproach. Our Founding Fathers of the Constitution enjoyed the love, respect and admiration of people of India. People loved the members of the Constituent Assembly and got love in return in abundance.
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Consortium Documents: Question of Stamp Duty
Question: Whether Joint Deeds of Hypothecations and Joint Deeds of Mortgages executed in Consortium Finance are covered under Section 5 or under Section 6 of Bombay Stamp Act or they do embrace separate and distinct matters or transactions or not? Whether or not they are liable to be stamped as separate instrument with separate stamp duty?
Ans: No
Joint Deeds of Hypothecations and Joint Deeds of Mortgages are not covered under Section 5 nor under Section 6 of Bombay Stamp Act as they do not embrace separate and distinct matters or transactions...
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