WebApr 12, 2024 · the purchaser cannot be denied the Input Tax Credit. In the case of Infiniti Wholesale Limited, the Madras High Court concluded that:. When the purchaser can prove that he has paid the due tax for the purchases, the liability has to be fastened on the seller and not on the purchaser (when the seller has not deposited the due tax). Web2024-Jun : A case was filed by 4 brothers of A , that they have the share in the land and the sale was illegal etc. against the developer 2024- Sep: The claimants got an ... You are bonafide purchaser of and suit being abuse of process of court, plaintiff not entitled to relief claimed. Yogendra Singh Rajawat. Advocate, Jaipur. 21576 Answers ...
Bona Fide Purchaser Practical Law
WebFeb 14, 2024 · In case of an installment, a buyer cannot terminate the contract and is liable to pay all the instalments. But in case of a hire purchase agreement, the hire-purchaser can terminate the contract if he wishes to and can return the goods but is not entitled to pay the remaining instalments. Parties to a Hire Purchase Agreement WebForum allowed Complaint Case No. 105/2005 filed by the Respondent, Rajesh Kumar Tiwari [hereinafter referred to as the ‘Complainant’], and directed the Financier to pay Rs. … do the floss
Mensah Vrs Kwanko II (J4 17 of 2016) [2024] GHASC 22 (14 June …
WebSep 5, 2014 · Details of the publication WebIf a buyer purchases a property for a price below the Circle Rate and the difference in the “Price at which the property has been purchased” and the “Circle Rate” is more than Rs. 50,000, such difference would be assumed to be the income of the purchaser and would be chargeable to tax under head Income from Other Sources under Section 56(2)(x). WebMay 19, 2024 · Case-1: 60lacs: 70 lacs: Upto 31/03/2024 TDS is required to be deducted @1% on 60lacs. From 01/04/2024 TDS is required to be deducted @ 1% on 70lacs. The … city of timmins financial statements