Shree Cement acquires majority of stake in UAE’s Union Cement for $305 million

By Accommodation Times Bureau MUMBAI Shree Cement’s board approved the acquisition of majority stake in Union Cement Company a UAE-based company for $305.24 million on Thursday, the company said. "Our board has approved the acquisition of a minimum of 92.83 percent of beneficial shareholding in Union Cement for an enterprise value of USD

Competition Commission of India (CCI) imposes penalties upon cement companies for cartelisation

By Accommodation Times News Services The Competition Commission of India (CCI) has imposed penalties upon 10 cement companies and their trade association i.e. Cement Manufacturers Association (CMA) for cartelisation in the cement industry. The final order has been passed by CCI pursuant to the directions issued by Competition Appellate Tribunal remanding the

Plaster by Adharshree for various types of finishing works in Interiors

By Pallavii Pitale A fine quality, gradual setting plaster, free from water curing is now available in the market under the brand name of Adharshree. It is made by calcinicing high quality Gypsum, purified scientifically by an advanced process known as 'Exhausting System’ and manufactured in an automatic continuous flow kettle

Assessment of Builders And Developers

By Accommodation Times News Service By CA Vimal Punmiya REFERENCE TO REDEVELOPMENT AND PROVISIONS OF SECTION 43CA, 50C,56 AND 194-IA OF THE INCOME TAX ACT, 1961 INTRODUCTION Income – tax Act, 1961 (hereinafter referred to as ‘The Act’) is the only legislation of our country which refers 92 Central Acts and various State Legislations.

Course on Assessment of Builders and Real Estate Developers

By CA Vimal Punmiya SPECIAL REFERENCE TO RE-DEVELOPMENT WITH SPECIAL REFERENCE TO CAPITAL GAIN INTRODUCTION Income – tax Act, 1961 (hereinafter referred to as ‘The Act’) is the only legislation of our country which refers 92 Central Acts and various State Legislations. To understand the various taxation issues relating to Real Estate Transactions

Shri Lakhina honored with citation

27th National Real Estate Awards : Accommodation Times Shri Anil Kumar Lakhina has 34 years of leadership experience in various set ups in the Indian Government and a multilateral organization (G-15), spanning infrastructure, power, renewable energy, finance, pharmaceuticals, rural development, urban development, economic policy and public administration. He is a corporate achiever and an agent

Deduction u/s 80IB allowable even if not claimed in ITR

By Accommodation Times Bureau The facts of the present case are similar only in the case in I.T.A. No.350/Del/.2009 wherein the Hon’ble Delhi Bench ‘D’ has dealt with the similar issue which was at ground No.3 of the appeal. The Tribunal has held in favour of the assessee and had remitted

Six under process buildings got notice from BMC

By Accommodation Times ( Mumbai: Six residential under-construction buildings in Mumbai have got notice from Brihanmumbai Municipal Corporation (BMC), as authorities have asked them to toe the line in keeping with the state government’s revised rules for projects built under the parking FSI policy. From last couple of months civic body

Builder entitled to escalation cost for delay caused by Government: SC

J.G. Engineers Pvt. Ltd. Vs. Union of India & ANR. – The Supreme Court has set aside the judgment of the Gauhati high court and upheld the award of the arbitrator in the dispute over delay in the construction of the extension of the Guwahati airport terminal. The contracted period