Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: VAT RATES :: form 3cd :: VAT Audit :: due date for vat payment :: empanelment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company
 
 
« News Headlines »
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government

AAI auditors fault Dahisar land deal with MIAL
November, 03rd 2007
The audit department of the Airports Authority of India (AAI) has objected to the AAI boards decision to give away half of the land it owns at Dahisar, to the recently-formed joint venture company Mumbai International Airport Ltd (MIAL).

The land at Dahisar, a Mumbai suburb, currently houses AAIs Remote Receiving Station and is spread over 64 acres. The decision to transfer the land to MIAL is apparently not in order and violates the norms set for such exercises, the audit department observed. The observations were conveyed to the AAI board last week, said sources close to the development.

The AAI board had cleared the proposal to transfer the land to MIAL at a meeting held on April 27. MIAL said it wanted the land to rehabilitate slum dwellers currently residing near the Chhatrapati Shivaji International airport.

The audit department pointed out that the land be used for the rehabilitation of slumdwellers who have been living on AAIs airport land. The land should not be given away to a private airport company, the department added.

Sources said that the decision to give the land to MIAL seems to have been based on the fact that only few antennas are currently built there and these antennas are old and not in use.

Meanwhile the Bombay High Court also directed the AAI to remove encroachments on the land under question so that AAI could start an expansion programme of the Remote Receiving station. The audit report, making reference to the High Court order, also warned that any move to transfer the land from AAI to a private company, would invite contempt of court proceedings. When contacted, AAI director H S Bains, who is also a member of the MIAL board, said the proposal from MIAL is still under consideration. No final decision has been made so far on the proposal to transfer the land to MIAL, he added.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions