News Updates’Stamp Duty Cannot Be Levied On Contract Security’: Allahabad HC Raps State Govt For Ignoring Previous Judgments [Read Order] LIVELAW NEWS NETWORK10 Sep 2020 10:15 PMShare This – xIn a recent judgement, the Allahabad High Court rapped the state authorities for overlooking a trite law that stamp duty cannot be levied on contract security. “This issue had arisen before this Court before one and a half decades but it appears that the authorities concerned have not shown that the said decision is binding on them as a similar issue came before this Court before…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn a recent judgement, the Allahabad High Court rapped the state authorities for overlooking a trite law that stamp duty cannot be levied on contract security. “This issue had arisen before this Court before one and a half decades but it appears that the authorities concerned have not shown that the said decision is binding on them as a similar issue came before this Court before three years and the judgment was struck down as it was beyond the jurisdiction of the authorities to demand the stamp duty beyond Article 57 (b) Schedule 1 B of the Stamp Act,” the Bench of Justice Jayendra Thaker said. The matter pertains to demand of stamp duty on a contract security to be deposited by a contractor, who was given the tender for repairing of roads in Mathura. The authorities had had directed the Petitioner to pay total security along with stamp duty within ten days. However, when the Petitioner pointed out that stamp duty has to be levied only in accordance with Article 57 (b) Schedule 1B of the Stamp Act, 1899 (as amended in the State of UP), the authorities did not pass a work order for eight months. The Court slammed the authorities for wasting its time and reminded them of its its previous judgments whereby it was settled that stamp duty cannot be charged on security deposit. “Despite the decisions of this Court way back in the year 2005 in the case of M/s Strong Construction vs. State of U.P. and others (Civil Misc. Writ Petition No.35096 of 2004) decided on 22.3.2005 by the Division Bench of this Court and the recent oral order of this Court in Writ C No.52385 of 2015 (M/s Kishan Traders Vs. State of U.P. and 2 others) dated 18.7.2017, it appears that the authorities have demanded from the petitioner what is known as stamp duty,” Justice Thaker said. Article 57 (b) Schedule 1 B of the Stamp Act stipulates that stamp duty may be levied on Security Bond and Mortgage Deed, inter alia, executed by a surety to secure the due performance of a contract or the due discharge of a liability. In M/s Strong Construction (supra) the High Court had observed that document/deed furnishing security cannot be treated as ‘mortgaged deed’ under Section 2(17) or a security deed under Article 57(b) of Schedule 1-B, Indian Stamp -Act, 1899 (as amended in State of U.P.). The Court further held that insistence to not levy stap duty in accordance with Article 57 (b) amounts to “abuse of power” and to “over-retch rule of law”. Under such facts and circumstances, the Court quashed the order demanding stamp duty on contract security and directed the Petitioner to pay the stamp duty as per Article 57 (b) Schedule 1B. Case Details: Case Title: M/S Yogendra Kumar v. State of UP & Ors. Case No.: Writ C No. 13395/2020 Quorum: Justice Jayendra Thaker Click Here To Download Order Read OrderInputs by Ayushi Mishra Next Story
Former Rep. Steve LaTourette, the primary Republican sponsor of the 1998 Credit Union Membership Access Act, died Wednesday after a battle with pancreatic cancer.He was 62.LaTourette was instrumental in passing the legislation that opened up credit unions to multiple groups. Rep. Paul Kanjorski (D-Pa.) introduced the legislation in March 1997, but the bill lacked a Republican co-sponsor. Banks were well entrenched with many Republicans at the time, but LaTourette, the 27th ranking member of the House Banking and Financial Services, agreed to join Kanjorski as primary sponsors. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Image Courtesy: MPA/Facebook “We hope the Maritime Perspectives series will be a useful platform to gather insights on these issues, exchange ideas and pave the way for collaborative solutions.” MPA’s Chairman, Niam Chiang Meng and the International Maritime Organization’s (IMO) Secretary-General, Kitack Lim, witnessed the signing on 28 July. Areas of cooperation As explained, the MoU to drive interoperability is timely as port authorities have developed or are developing maritime single windows to implement IMO’s Convention on Facilitation of International Maritime Traffic to facilitate the electronic exchange of information for port clearance. This collaboration will also support MPA’s digitalOCEANS initiative, where individual data platforms of port authorities, port operators, shipping lines, logistics companies and platform providers can exchange data and interoperate through a common set of APIs. “MPA and our partners have taken the first step with this MoU. We hope that more will join us in linking up ships, port authorities and platform providers into a seamless digitalOCEANS to facilitate port-to-ship connectivity and efficient trade transactions across the globe.” MPA and its partners will also hold a series of technical workshops to design, test and publish the API specifications. “The maritime sector is a global business. Different players in the maritime ecosystem are pursuing digitalisation at varying paces. To truly reap the benefits of effective information exchange, we need to move beyond digitising single nodes in the maritime supply chain,” Niam said. The six maritime players that signed the Mou agreed to cooperate in the following areas: “COVID-19 has exposed vulnerabilities in global supply chains on a scale never seen before. As the backbone of global trade, the maritime sector has to evolve to meet the challenges of a new normal economy. Digitalisation, decarbonisation and adaptation to new global trade order are issues that have to be addressed by the industry,” Niam pointed out. These partners are CargoSmart — a solution provider for the Global Shipping Business Network, GTD Solutions — representing TradeLens, GeTS and PSA International — jointly representing CALISTA, and the Port of Rotterdam Authority. The Maritime and Port Authority of Singapore (MPA) has signed a memorandum of understanding (MoU) with five international partners to develop and adopt common data standards and application programming interface (API) specifications, which will facilitate data exchange for port and maritime services transactions. Generate awareness in the maritime industry about the importance of common data standards and common API specifications across international maritime jurisdictions and platforms; Sharing of information and best practices in the maritime industry pertaining to the harmonisation of data standards across international maritime jurisdictions and platforms; Development of common data standards and common API specifications to facilitate data exchange for business activities and transactions; Adoption of common data standards and API specifications to facilitate data exchange for business activities and transactions; Adoption of open data sharing by Parties with existing and/or future relevant platforms and databases for efficient flow of information across global maritime transport chains; Provision of resources, support, capabilities, expertise and setting up of jointentities, whenever applicable, to encourage research and development, test-bedding and adoption of solutions and technologies to facilitate wider adoption of the common API specifications in the maritime industry. The MoU was signed at the Maritime Perspectives Series Prologue: Digital Connectivity & Data Standards, the first webinar organised by MPA under the Maritime Perspectives series. The series, comprising four webinars to be conducted from 28 July to 8 October 2020, will bring together experts and industry leaders to share insights on digitalisation, decarbonisation and trade in the new normal post COVID-19.
India vs Bangladesh, Asia Cup 2018, live streaming: Super Four 1st match match live telecast from Dubai. Watch Asia Cup Super Four, Ind vs Ban cricket match free live streaming online: Watch IND vs BAN ODI match Live on Hotstar, JioTV and Airtel TV – India were back to their best against Pakistan after a rusty performance in the Asia Cup opener against Hong Kong this week. India survived a scare to edge past Hong Kong by 26 runs before they thrashed Pakistan by 8 wickets.The twin victories helped India qualify for the Super Four stage of the tournament and in their first game they meet Bangladesh at the Dubai International Stadium on Friday.India have won their last 9 matches against Bangladesh in international cricket — six Twenty20 Internationals, two one day internationals and one Test.After the Bangladesh game, India and Pakistan meet again on Sunday before the Rohit Sharma-led side takes on Afghanistan on Tuesday.For India, the worry will be the team combination as Hardik Pandya has been ruled out of the tournament due to a lower injury, while Bhuvneshwar Kumar might be rested after back-to-back games against Hong Kong and Pakistan.Left-arm pacer Khaleel Ahmed may come in place of Bhuvneshwar but it is still not clear as to who would be Pandya’s replacement in the playing XI.Not just Pandya, all-rounder Axar Patel and paceman Shardul Thakur have also been ruled out of the tournament.Deepak Chahar has replaced Pandya while Ravindra Jadeja and Siddarth Kaul have come in place of Patel and Thakur.advertisementManish Pandey can add batting depth and looks a possible addition in the middle-order, while Kedar Jadhav’s off breaks are more than handy, and he is expected to take care of Pandya’s quota of overs.Openers Rohit Sharma and Shikhar Dhawan were amongst the runs in the first two matches while Ambati Rayudu and Dinesh Karthik looked solid against Pakistan.It is Mahendra Singh Dhoni’s batting form that could keep the team management worried.Dhoni hasn’t been firing and it will be interesting if Rohit promotes him in the batting order to give the veteran time to get settle down.While India’s rivalry with Pakistan is historic, the one against Bangladesh has been a bitter one post the controversial 2015 World Cup quarter-final at Melbourne.What time is India vs Bangladesh Asia Cup 2018 ODI?The game starts on 5:00 PM IST on September 21, Friday at the Dubai International Cricket Stadium, Dubai.What TV channel and live stream is the India vs Bangladesh Asia Cup 2018 ODI Live Streaming on?Star Sports 1 and Star Sports 1 HD in English commentary and Star Sports 3 and Star Sports 3 HD in Hindi Commentary. Hotstar, JioTV and Airtel TV will live stream India vs Bangladesh match.Where will the India vs Bangladesh Asia Cup 2018 ODI be played?The India vs Bangladesh Asia Cup 2018 ODI will be played at at the Dubai International Cricket Stadium, Dubai from 5:00 PM IST.Where can I watch the India vs Bangladesh Asia Cup 2018 ODI live?The match will be shown in Star Sports network and can also be streamed on hotstar.com.Where can I check the online live updates of the India vs Bangladesh Asia Cup 2018 ODI?You can follow our ball-by-ball-updates of the match between India vs Bangladesh from our live blog on indiatoday.in/sportsWhat are the squads for the India vs Bangladesh Asia Cup 2018 ODI?India: Rohit Sharma (captain), Shikhar Dhawan, KL Rahul, Ambati Rayudu, Manish Pandey, Kedar Jadhav, MS Dhoni (wk), Hardik Pandya, Bhuvneshwar Kumar, Jasprit Bumrah, Kuldeep Yadav, Yuzvendra Chahal, Shardul Thakur, Dinesh Karthik, Khaleel Ahmed.Pakistan: Sarfraz Ahmed (captain and wk), Fakhar Zaman, Shan Masood, Babar Azam, Harris Sohail, Imam ul Haq, Asif Ali, Shadab Khan, Mohammed Nawaz, Faheem Ashraf, Hasan Ali, Mohammed Amir, Shoaib Malik, Junaid Khan, Usman Khan, Shaheen Afridi.
More than 5,000 staff members of Texas A&M University (TAMU) picked up the phone this week to hear an unexpected voice on the other end: Hollywood icon Lily Tomlin was on the line pleading for their support in urging TAMU President Michael Young to end the school’s muscular dystrophy (MD) experiments on dogs.In the message, the Grace and Frankie star points out that 35 years of these cruel tests have failed to produce a cure or even a treatment to reverse symptoms of MD in human sufferers.“Texas A&M deliberately breeds golden retrievers and other dogs to have a debilitating form of canine muscular dystrophy …[and many] of these dogs suffer premature and agonizing deaths,” Tomlin says in the recording. “Others endure lives of misery and struggle to swallow and even breathe.” She goes on to urge everyone to take action against this abuse: “Please call or e-mail President Young today and tell him, ‘Enough is enough.’”Video footage obtained by PETA shows dogs suffering from MD who were caged, sometimes alone, in barren metal cells in TAMU’s labs. Their swollen tongues and weakened jaw muscles made it difficult for them to swallow even thin gruel, and strings of drool hung from their mouths. Those who didn’t exhibit symptoms but who carried the gene for MD were used for breeding more dogs to experiment on. The video shows these dogs frantically pacing and gnawing in frustration on the bars of cramped, barren cages.PETA’s efforts to end these tests have received support from patients afflicted with MD, scientists — who have criticized the experiments’ inapplicability to human patients — and public figures, including, in addition to Tomlin, Miami Dolphins quarterback and TAMU alumnus Ryan Tannehill and commentator Bill Maher, who called the university “dogs’ worst enemy.”