Audit Reports

turnkey basis, 29 months after the work was stopped, to avoid further 87 Audit Report (Commercial) for the year ended 31 March 2010 theft and loss of property. Against the tendered (April 2004) amount of t 7.52 crore, the offer of M/s Deepak Cables (India) Limited at X 8 crore, 6.41 per cent in............

We found that states like Karnataka and Maharastra have included ‘Licence of movable and immovable properties’ in their Schedules to the Stamp Act at a rate equal to that of lease. However, no such provision exists in the Schedule to the Kerala Stamp Act to plug the practice of creating............

provides that ‘conveyance’ includes duty and Registration conveyance on sale and every instrument by fees on Development which property whether movable/immovable is Agreements in transferred inter vivos and which is not Jharkhand. We test otherwise specifically provided for by schedule............

7 of 2014 5.3.1.2 Under Section 2(g) of the GS Act, Conveyance includes the forms3 by which property, whether movable or immovable, or any estate or interest in any property, is transferred to, or vested in, any other person, inter-vivos, and which is not otherwise specifically provided for by............

Kerala State Wood Industries Limited 4.13 Inadequate arrangements for safeguarding movable and immovable Assets Inadequate maintenance of Assets records and delay in disposal of idle Assets were noticed and physical verification of Assets was not carried out._ The Company was incorporated in............

5.2.9.5 Non/short realisation of stamp duty in respect of licences As per Article 32-A of the Schedule to the KS Act, ‘Licence of immovable or movable property’ granted by owner or authority for rent or fee or by whatever name it is called is liable to duty. The minimum rate of stamp duty............

has finalised its accounts up to 1995-96 and as per the latest accounts the Company had total assets of ' 2.97 crore (immovable assets: ' 1.03 crore; movable assets: 0.15 crore and current assets, loans and advances: ' 1.79 crore). Even though the Company is non-functional it still has to ensure............

Tlie Act provides for recovery of arrears of public revenue together with interest and cost of process by attachment and sale of defaulter's movable and immovable property. Attachment can also be made either by appointing an agent for the management of defaulter's immovable property or arrest............

required to take necessary steps for the recovery of dues under Revenue Recovery Act, 1890 as arrears of land revenue by attaching the defaulter’s movable/immovable property. 2.14.2 Organisational set up The Commercial Tax Department (CTD) of Gujarat functions under the control and supervision............

or power to a promoter or developer, by whatever name called for construction or development of or sale or transfer (in any manner whatsoever) of any immovable property, stamp duty at the rate of 1 per cent is chargeable. During test check of documents of Additional Superintendent of Stamps (SS),............