In the case of Mritunjoy Pani And Another vs Narmanda Bala Sasmal And Another on 14 March, 1961- "The position, in our opinion, is very clear and in the absence of any special statutory provision to the contrary is governed by s. 90, Trusts Act. The defendant is a mortgagee and, apart from special statutes, the only way in which a mortgage can be terminated as between the parties to it is by the act of the parties themselves, by merger or by an order of the Court. The maxim "once a mortgage always (1) A.I.R. 1954 S.C. 336. a mortgage" applies. Therefore, when the defendant entered upon possession he was there as a mortgagee and being a mortgagee the plaintiffs have a right to redeem unless there is either a contract between the parties or a merger or a special statute to debar them."
Interest payable u/s 234C is computed at
If the policy is without average clause, a claim for loss of profit will be?
A company reported net profit before tax of Rs.36,100. It has raised debt capital of Rs.250,000 through 13% debentures. What is the interest coverage ra...
Under which method of Depreciation, the written down value of the asset is always more than zero:
Which financial statement reports a company’s revenues and expenses over a specific period of time?
Accounting has been referred to as the__________of business.
……………… cost is a criterion cost which may be used as a yardstick to measure the efficiency with which actual cost has been incurred.
...All shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the company to ______
Which of the following is a limitation of accounting that can affect the accuracy and usefulness of financial statements?
A belated return can be filed by a taxpayer under Income tax Act, between _______
