Definition of works contract service: Service tax under works contract services has been imposed on the service element involved in the works contracts. It should be noted that unlike VAT laws in various States service tax is applicable only on a fewer kinds of works contract as defined in section 65(105)(zzzza). Works contracts relating to Roads, Airports, railways, transport terminals, bridges, tunnels and dams are outside the purview of service tax.
Definition of Works Contract under section 65(105)(zzzza) runs as under:
Any service...
Wednesday, 17 July 2013
Attachment of Property
I. Introduction
In case of a decree from a Court, the Court may require any person (known as the defendant) to pay any sum to the decree holder (or the plaintiff). In case the defendant fails to do so the Court can, in execution of its decree, attach the movable and immovable properties of the defendant and recover the amount due by disposal of these assets. However, certain assets are not liable to attachment under a Court decree. In last month’s issue relating to Debt Recovery Tribunals, we had seen that the Recovery Officer of the DRT...
Estoppel
Estoppel: (With illustrative cases)
The Principle of estoppel is often described as rule of evidence, but more correctly it is a principle or law. This principle applies to the Government, public authorities as well to private individuals. Executive agency must be rigorously held to the standards by which it professes its action to be judged. Whatever its activity may be, the government is still the Government and will be subject to certain restraints.
Appreciating estoppel, there must be a representation by a person or his authorized agent...
LAWLESS BUNCH
Middle class India comforts itself with the thought that if the whole country was educated, it would be more civilised and better run. The fallacy of this logic is proved to us several times, not least by the incidents in the Karnataka High Court and the Maharashtra legislature on Monday.
Lawyers created a ruckus in the Karnataka High Court forcing chief justice P Dinakaran to suspend proceedings. They were objecting to his continuing as chief justice in spite of the allegations of land-grabbing which has stalled his elevation to the Supreme...
Workmen’s Compensation (Amendment) act, 2009
Workmen’s Compensation (Amendment) act, 2009 – amendment in long title, preamble, section 1, 2, 4, 20, scheduleII, insertion of section 25a and Substitution of references to certain expressions by certain other expressions
[Act No. 45 of 2009]
An Act further to amend the Workmen’s Compensation Act, 1923.
Be it enacted by Parliament in the Sixtieth Year of the Republic of India as follows:—
Short title and commencement
1. (1) This Act may be called the Workmen’s Compensation
(Amendment) Act, 2009.
(2)...
Open Source in Biotechnology
Open source is the current buzzword in the field of biotechnology. The concept was borrowed from the innovative ideas of open source software which is an anti-thesis to proprietary software. Proprietary software is characterized by keeping source code secret together with contractual restrictions on the use of the software, plus a reliance on the negative right aspects of copyright and other relevant Intellectual Property law. Open source, to the contrary, rests on collaborative development and disclosure of source code, subject to various...
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