Audit Reports

CHAPTER-IV : LAND REVENUE 4,1 l ax administration The Assam Land and Revenue Regulation (ALRR), 1886, along with four other ancillary Acts' and Rules made and instructions issued thereunder prescribe the procedure governing assessment, levy and...

registered with _hypothecation agreements_ As per Article 7(b) of Schedule I-A to the Indian Stamp Act 1899, the pawn, pledge or hypothecation of movable property, where such pawn, pledge or hypothecation has been made by way of security for the repayment of money advanced by way of loan or an............

defines ‘security agency’ to mean any person engaged in the business of rendering services relating to the security of any property, whether movable or immovable, or of any person, in any manner and includes the services of investigation, detection or verification, of any fact or activity............

33 Report No. 23 of2009-10 4.12.8 Maintenance of movable and immovable assets As per the guidelines, the movable and immovable assets must legally vest in the name of the Institutions seeking recognition as a ‘deemed to be University’. Audit noticed that in case of eight Universities15,............

attachment and sale of assessee’s movable and immovable property, appointment of a receiver for the management of assessee’s properties and imprisonment The Department Chart 1.8: Details of uncollected demand Uncidieeted Lk'Bu.ini (ks.in mire) intimated that various factors (Chart 1.8)............

in section 65(64) of Finance Act 1994, with effect from 16 June 2005, the service of management, maintenance or repairs of properties (MMR), whether movable or immovable, has been brought in the tax net. As per clarification issued by Finance Ministry vide circular no.H0/4/2009-ST dated 23............

demand is rising despite clear provisions in the Act to enforce collection and recovery of outstanding demand viz, attachment and sale of assessee's movable and immovable property, appointment of a receiver for the management of assessee's properties and imprisonment, Tax demands remain............

was required to secure the principal, interest and other charges payable by way of creation of mortgage of immovable assets and hypothecation of all movable assets of the project in favour of the Company. Audit observed that the borrower did not create mortgage of land in favour of die Company so............

Subsequently, Railway Board decided (November 2007) that the loan would be serviced by proceeds of auction of movable assets of RIL, against required land for DFC and Wagon Component Factory and from commercial development of remaining land by RLDA. However, the loan liability was partly............

attachment and sale of assessee's movable and immovable property, appointment of a receiver for the management of assessee's properties and imprisonment. Tax demands remain irrecoverable for a long period in spite of exercise of the powers of recovery conferred under the Act. Table 1.10............