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Madhu Mittal   10 March 2017 at 15:40

Constitutionality of cost of bonus shares treated differently

As per Income tax section 55 2 iiia cost of bonus shares is to be taken nil w.e.f 01.04.1996.
Now finance act 2017, Further, for assets purchased before 1st April 2001, the cost of acquisition is either the fair market value of the asset as on 1st April 2001 or the actual cost, at the option of the Assessee.
So now from 01.04.2017 if bonus shares is allotted in 1999, the cost of acquisition can be taken fair market value of the asset as on 1st April 2001.
If Yes and my understanding is correct, whether it is constitutional that bonus shares are treated differently as far as cost of acquisition is related.

Kalpesh suryawanshi   08 March 2017 at 16:02

Bar closed on highway inside city ????

Dear Members the recent decision of suprem court 15 dec 2016 stated that all liquire serving and selling outlets should be closed which come in the radius of 500 meter of state / national highway ....does this order includes the roads running inside out the city and if yes are there any remedied or chances to be saved by this decision also what option does the government have to turn the table around also the honurable court has issued the order under article 142 ....what does it mean kindly clarify

Mathre Rangarajan   07 March 2017 at 19:39

Contempt of supreme court

Dear Sirs,

I draw your kind attention to Supreme Court 5 judge constitutional bench judgment in 1982 in D S Nakra & others Vs Union of India - copy attached

1. Highlight of this judgment is that "all retirees are one class under Article 14, 15 and 21 of Constitution, they cannot be divided based on date of joining and date of retirement and any new benefit given at a later date should be extended to all previous retirees to maintain integrity.

2. Is this constitutional provision is applicable to retirees of Central Public Sector Enterprises also as they are also Central Government employees (Quasi Govt)?

3. Department of Public Enterprises, Government of India, vide their letter No W-0001/2017-DPE(WC) dated 9th February 2017 (copy attached) says that retirees of Central Public Sector Enterprises are divided into distinct two groups based on their retirement (01-01-2007) - First group people who are going to retire after 01-01-2007 gets pension and post retirement medical benefits and second group people retired before 01-01-2007 will not get that benefit.

4. Is this not breach of 1982 judgement of Supreme Court?

5. Can I file a Contempt of Supreme Court case to get justice?

warm regarads
M Rangarajan
retired group general manager (ONGC)
B 2-301, Sriram Spandhana,
Challaghatta,
Bangalore -5600037
mobile: 9945091581
email: rangajan1@gmail.com

Ranbir   28 February 2017 at 21:26

Cibil report for sanction of loan

Dear sir,
I would like to bring your attention to a fact that recently I had applied for education loan to a PSU bank and got approval regarding same know similarly I went to another bank and applied for car loan they asked for documents to me I provided all my documents regarding same and even several meeting was held with the banking officer regarding sanction of loan the officer postponed the matter from one day to another which nearly took 20 to 30 days I got frustrated by the harassment and asked reasons for such delay and the officer declined my loan stating that my cibil score is very poor I immediately complained to the manager of the bank who stated nothing can be done. now sir when one bank has granted education loan to me of rs 380000 but another bank declines loan on cibil score what should be done sir when I never had loan or any credit card is it legal to use civil as a reason to decline loan without knowing the facts

Vikash Kumar Bairagi   25 February 2017 at 19:30

On emergency

Any Idea about the Financial Emergency Article 360, How it can be imposed on what grounds, In whole part of India or any parts means two or more states simultaneously


and Any reference book for the same.

Manish Sikdar   16 February 2017 at 11:22

Fundamental rights


R/ Sir,


Where i reside has none facilitated with sewerage, drinking water supply, deep tube-well water, concrete road and more... Since several request entrusted to appellate authority i.e- Urban & Rural, hence no action taken by no one in this regard.

Therefore, I request your kind suggestion that whom I address the grievance or suggest any legal action if I can take further.

Foremost note, we are in fatal situation and seeking your help to get these all aid.

Your Obedient,

Anonymous   15 February 2017 at 09:04

Exemption of parking fees for defense personnel

Sir is there exemption of parking fees for regular serving defence personnel in mall, cinema hall for their private vehicles. If yes then can u kindly give the authority letter. Information on this is needed urgently.

srinath   11 February 2017 at 21:43

Fake sc certificates regarding

Whom is authority to whom should i complain about the fake sc certificates.In our district Tasildhar issues the certificates.Should i write any petition to National Commission for schedules castes.Pls explain me in detail??

rohit   10 February 2017 at 13:15

Reservation status

Hello respected members,

I am Christian from general category married with my wife who belongs to UP from SC. She has computerized caste certificate issued from UP.

will she can claim reservation for SC after marrying with me ?

we have two kids, will they can any benefit of reservation?

Will she require caste certificate issued in Delhi? or she can apply for job in delhi and attach UP caste certificate?

kindly give your precious time to answer please.

Member (Account Deleted)   08 February 2017 at 14:31

Domicile certificate

Is it necessary that real brothers should have domicile of same state?