Audit Reports

As per notification, five per cent of amount realized from the bidders by way of auction or sale of all immovable properties was to be deposited in this fund under Major Head– 8342-Other Deposits in the public account of the State. The State Government got net deposits of 1,425 crore from...............

Fee on a concession agreement Under the provisions of Clause (d) of sub-section (1) of Section 17 of the Registration Act, 1908, leases of immovable property from year to year, or for any term exceeding one year, or reserving yearly rent are to be compulsorily registered. Schedule 1A of...............

Institutions Society According to Section 4 (1) (c) of the Karnataka Value Added Tax (KVAT) Act, 2003, tax shall be levied in respect of transfer of property in goods (whether as goods or in some other form) involved in the execution of works contract at the rates specified in the Sixth Schedule...............

non - review of project implementation, the Corporation b o r e the risk of inability to ascertain the financial standing of the borrower, personal property for the future securit y and the utilisation of the loan disbursed for the purpose , for which , it was sanctioned. Further, no t obtaining...............

The State Government did not ensure mortgaging of the mills’ property to safeguard the Government investment. (Paragraph 3.1)  Repairs and Maintenance of State Highways The State had 382 State Highways covering 35,754.68 km and 16 Major State Highways coverin g 7,035.04 Km, which...............

3.7.4.2 Recovery of Service Tax from the Licensees Rental income fro m immovable property is taxable under Section 66B of Finance Act, 1994 as per the Notification No. 30/2012 dated 20 June 2012 of Service Tax. Audit observed that the Corporation issued a ‘circular’ (21 April 2014) for...............

As a result investment on three works was lying idle. Further, the objective of protecting liv es and property from flood water remained unfulfilled. 1.6 Significant Audit Observations on Compliance Audit 1.6.1 Interest on delayed payment of Net Present Value not realised The user agencies...............

The ancillary objective of OFDC inter alia included lease or mortgage of all or any part of its property. Income from leasing out the propert ies was the second major source of revenue of OFDC. The corporate office building of OFDC consisted of four floors , out of which the first floor was...............

Office staff and visiting stakeholders were exposed to grave risk to their life besides the risk of loss of property kept in the pr emises. Deteriorated condition of FDA, Thane (Drugs) office building The Commissioner, FDA did not offer any comments. 2.1.10 Funding For proper implementation of...............

These rivers and tributaries flow through steep slopes at high veloc ity causing erosion of cultivable land besides heavy loss of life and property during floo ds. Main causes of floods in the State include cloud bursts in the catchment areas o f rivers, heavy rainfall in upper reaches,...............