Page 12 - BANKING FINANCE November 2018

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S a li a le on ree Da a e ai or rea o on ra o a ra S
he uthorit or d ance Rulings R has ruled that a ents in res ect to
i ke
non er or ance o a contract ould e lia le to goods
he uthorit or d ance Ruling
and ser ices ta S his has ade ultinational
R has
co anies es eciall those e ecuting in rastructure
ruled that
rojects and the ining sector jitter and it could ha e
ree or
i lications on ergers and ac uisitions ranchise ar
c o l e
range ents too
e n t a r
i uidated da ages are a ents in lieu o non er or ance o a contract
t i c k e t s
he Contract ct en isages these da aged under a contract as genuine re
gi en ranchise o ners or
esti ate so as to a oid hassles o co utation o da ages and ossi le con
atches ill attract S
tractual dis utes or litigations in case o non er or ance
n res onse to an a lication iled
he Maharashtra uthorit or d ance Ruling R has stated that li uidated
Drea Cricket t td hich
da ages aid on o eration aintenance and erection co issioning con
o ns and o erates cricket tea
tracts entered the a licant Maharashtra State o er eneration Co
ings unja the unja ench o
an shall e ta a le under S at
the R has ruled that ro iding
he uthorit has concluded li uidated da ages to e a dee ed ser ice co
co le entar tickets ree o
ered under the hrase agreeing to tolerate an act or situation under ara
charge ould e considered su l
o Schedule o S cts
o ser ice and there ore le ia le to
ta he S rate on sale o tick
C C relea e or a o S annual re urn
ets is er cent
C C has noti ied a ne return or or S that ill ha e to iled or the ull
he R said hen the a licant is
ear he nor al ta a ers ill need to ile S R
sues a co li entar ticket to an
return or hile co osition ta a ers ill ha e
erson the a licant is certainl
S R he last date or iling theannual return
dis la ing an act o or earance
or or is Dece er
tolerating ersons ho are recei ing
a a ers ere ro the eginning re uired to ile
the ser ices ro ided the a li
an annual return esides the onthl and uarterl
cant ithout a ing an one
returns ut the annual or at as not noti ied ol
hich other ersons not recei ing
lo ing co liance and issues he long a aited annual return or at is no
such co li entar tickets ould
released his looks si ler ro the earlier dra t return or at hich as
ha e to a or
reco ended to the go ern ent said nita Rastogi artner C
12 | 2018 | NOVEMBER | B N N N N E