Audit Reports

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),............

of the Indian Stamp Act, 1899 (IS Act), provides that ‘conveyance’ includes conveyance on sale and every instrument by which property, whether movable or immovable, is transferred inter vivos and which is not otherwise specifically provided for by schedule 1-A of the Act. Further, Section............

1977 to promote and secure development of urban areas in a systematic and planned way with the power to acquire, sell and dispose of property, both movable and immovable. Performance audit of the Development of Urban Estates brought out the following significant deficiencies: Planning of............

agreement Section 2 (10) of the IS Act, provides that ‘conveyance’ includes conveyance on sale and every instrument by which property, whether movable or immovable, is transferred inter vivos and which is not otherwise specifically provided for by schedule 1 -A of the Act. Further, Section............

sums required to be paid under 2006-07, we noticed that in the Act may be recovered by the 1,965 cases, no service Collector by distress sale of the movable charge was levied on or immovable property of the person amount of 1.76 crore from whom the same are due or as an recovered as arrears of............

provides that all duties, penalties and other sums required to be paid under the Act may be recovered by the Collector by distress and sale of the movable property of the person from whom the same are due, or by any other process for the time being in force for recovery of arrears of land............

plant and machinery Under Section 2 (10) of the IS Act, “Conveyance” includes a conveyance on sale and every instrument by which property whether movable or immovable is transferred. As per instructions issued by the Government in August 2003, Conveyance deed includes sale of business............

Further, such amount can (VoP)75 76 in October be recovered by the Collector by distress and sale 2008 for the period of movable or immovable properties of the person 2007-08, we noticed in from whom such amount is due, as arrears of land 155 cases that CCRA revenue. Further, any person who............

Corporation (HFC) Under Section 2 (10) of the IS Act, ‘conveyance’ includes a conveyance on sale and every instrument by which property, whether movable or immovable, is transferred inter vivos and which is not otherwise specifically provided for by Schedule 1-A. Section 17 of the IR Act............

Non-fixation of time limit Under the provisions of PLR Act, in cases where arrears are to be recovered as arrears of land revenue, action to attach movable/immovable property could be initiated by DETC. He is required to apply to ETC who is competent to accord sanction for sale/auction of............