Passing a landmark judgment on 9 Aug 2020, the Kerala High Court has issued a judgment explaining the process mechanism as stated under section 57 of the TP Act 1882 relating to removing encumbrances created on immovable property. The judgment is exemplary because there was no prior case or precedent established in such cases in such matters and it gives an emphasis on the efficacious and substantive mechanism as provided under section 57 of the Transfer of Property Act 1882.
The Union Cabinet on July 29, 2020, officially proposed amendments in the traditional schooling National Education Policy. The policies are special since it is the first educational policy of the century in India and alters the traditional and outdated thirty- four years old national education policy since the year 1986. Highlights of the New National Education Policy 2020: 1. Prospective Aims: […]
1. Definition of a Stock Broker as per SEBI norms: By general definition, a stockbroker is an intermediary having the authority to trade in stocks and securities them on a stock exchange on the behalf of investors. As it is difficult for the investor to directly trade in the stock exchange, he takes the assistance […]
Postponement of Deadline Fine Income Returns Till September 30 Instead of July 31,2020! 1. Introduction: The Central Board of Direct Taxes has once again, relieved the taxpayers from going into an unnecessary hassle for submitting their ITR returns and saving them from paying penal charges unnecessarily. On July 29, the CBDT has formally extended the date to […]
The Government is planning to specify a certain category of taxpayers to pay their entire tax liability for FY 2019-20 in advance, which means such persons shall be required to pay tax even before they got to know their full income and the TDS applicable to it. The new rules shall apply to the taxpayers, whose self -assessment tax […]
Considering the fact that, e-commerce has gained wide popularity given easy access in India and shopping at the comfort of the home. The Government of India has notified a new set of rules for the safety and betterment of consumers in India to be in effect from 20th July 2020. The Central Government has notified […]
Acknowledging the fact that the securities market including mutual funds were worst hit by the impact of COVID-19, the Securities and Exchange Board of India (SEBI) has made an announcement having the effect of increasing obligation on such MFs. Accordingly, the mutual funds in India shall be required to embark on their secondary market trade to at least 10% of their […]
Erudhaya Priya vs State Express Transport Corporation Ltd. (Supreme Court) In a recent judgment on 27th July 2020, the Supreme Court of India has concluded it shall be necessary to take note of the factors like career prospects and future advancement in life while applying the multiplier method to calculate that while applying the multiplier for providing compensation […]
SDMC Notification- Extension of the last date to file Property Tax in Delhi! If you are a resident of Delhi and probably tensed to miss the deadline for filing the return for property tax, the South Delhi Municipal Corporation (SDMC) has extended the due date to submit the property tax returns till July 31 along with a rebate sum […]
Patiala House Courts : New Delhi has held that an instrument cannot be termed as a ‘Cheque’ if it does not specify a certain amount of money to be paid to a certain person. Thus, if the amount written on the instrument is ‘absurd’, the same cannot be called a ‘cheque’ and will not draw any legal consequences under the Negotiable Instruments Act. The observation was made by Additional Judge Praveen Singh of the Patiala House Court while hearing the revision petition of an accused in proceedings under section 138 of Negotiable Instruments Act.
