Tag Archives: purchaser

‘Annual Turnover’ for commission purposes explained: SC

The Supreme Court of India recently clarified that the term ‘annual turnover’ cannot be restricted only to the amount earned by the stock broker vide brokerage while computing the registration fee of stock brokers payable to Securities and Exchange Board … Continue reading

Posted in Banking Law, Contract Law, General Law, International Law, Securities Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Selling dealer not guilty of ‘wilful omission’ in filing his sales tax return on the basis of the ST-1 Form furnished by purchasing dealer: DHC

The Delhi High Court ruled that the selling dealer (petitioner) is not guilty of ‘wilful omission’ in filing his sales tax return on the basis of the ST-1 Form which was duly furnished to him by the purchasing dealer in … Continue reading

Posted in Sales Tax | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Seller is entitled to forfeit earnest money deposit where the sale of an immovable property falls through by the fault of purchaser: SC

The Supreme Court of India clarified that the seller is entitled to forfeit the earnest money deposit where the sale of an immovable property falls through by reason of the fault or failure of the purchaser. The question whether the … Continue reading

Posted in Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment