Legalcops – Legal Blog – Business Registrations & Tax Compliances
Facts: Appellant agreed to buy respondent house through an agreement of which advance amount was paid. Thereafter appellant came to know that the respondent is not the owner of the house. So, appellant demanded the advance amount from the respondent. Respondent issued half of the amount through cheque but cheque got bounced. Being aggrieved appellant […]
Default in payment may invite the penalty of imprisonment Read More »
Court– Supreme Court of India Judgment Name – Dr. A Suresh Kumar & Ors v. Amit Agarwal (Civil Appeal No. 988 of 2021) Judgment date – 08 July 2021 Coram– Hon’ble J. Vineet Sharan, Hon’ble J. Dinesh Maheshwari Introduction – The term “condonation of delay” refers to the act of allowing a court to overlook
Fact: An interim measure for market value of plot Rs.5900/- sq.mr was passed in favour of Noida by High Court in July,2014. Thereafter, a lease deed dated October,2014 was executed stating market value of plot Rs.5900/- sq.mr by way of interim measure only. Present High Court allowed the appeal by 24 Oranges Lab LLP. Aggrieved
Facts: Plaintiff claim to be legal representative of one Haji Mohammad who died in 1946. Accordingly, court receiver was appointed and he took all the possession of the deceased estate. Therefore, till the year 1963, lands were mutated behind the back of plaintiff and that plaintiff came to know of this fraud and collusion when
Limitation arises from cause of action Read More »
Facts: Appellant is revenue department aggrieved that assessee (respondent) failed to pay tax as per section 234B of Income Tax Act. Assessment order was passed against respondent. Respondent went to CIT but CIT dismissed the appeal of respondent. Then Respondent went to ITAT. ITAT held in favour of respondent. High Court also held in favour
Section 234B of Income tax Act is for default in payment of advance tax Read More »
Introduction Judges’ words have been celebrated and respected forever however the form in which they must be professed is in question lately. A recent SC judgement observed the importance of embodying these orders in written form. Underlying the importance of judicial accountability justice DY Chandrachud and Justice M R Shah comment on the oral judgement
Validity of Oral orders in India Read More »
Introduction An investment adviser (also known as a stock broker) is a person or organisation that, in exchange for a fee, provides investment advice or performs securities research, whether directly managing clients’ funds or through written publications. The Investment Advisers Act of 1940 defined the exact definition of the term. A Registered Investment Advisor is
Role of Investment Advisor in SEBI Read More »
INTRODUCTION The establishment of Competition Commission of India (CCI) was under the Competition Act, 2002 for the management, execution and imposition of the Act, and was duly added up to in 2009. Objectives of the Commission are as followed: To stop practices having adverse effect on competition, To promote and sustain competition in markets, To
Procedure to file complaint under Competition Act Read More »
Introduction Loan or mortgage by title deposit is not a new or emerging concept, people have been taking loans by depositing the title deed of the property to borrower money and placing the asset as a guarantee in case of non-payment of the borrowed money. However, a mortgage by title deposit is different from that
Is Registration required for Mortgage by Title Deposits Read More »
INTRODUCTION India is one of the fastest developing nations across the world. Currently, the real estate sector is contributing 6-7% to the country’s total Gross Domestic Product (GDP) and is expected to go upto 13% by 2025 according to the reports. With such flourishing economy in various sectors like agricultural or service including the real
Procedure to File a Complaint as Per 2018 Regulations of HRERA Gurugram Read More »