sale deeds were not valid sale deeds and the trustees have no power to execute the sale deeds, after the cancellation of the composition trust ... sale deed executed in favour of the subsequent purchaser and it is seen from the recitals in that sale deed that the sale deed
sale deeds were not valid sale deeds and the trustees have no power to execute the sale deeds, after the cancellation of the composition trust ... sale deed executed in favour of the subsequent purchaser and it is seen from the recitals in that sale deed that the sale deed
that a
decree is not required to be registered, being a composition
deed;
Though the counsel for the defendants No.1 to 3 has also
assessee. After going through the lease deed,
the learned Assessing Officer found that the lease deed was a
composite lease deed of building as well ... furniture and fixtures have
been provided separately. It is not a composite lease deed. He further
argued that Hon'ble Supreme Court decision
assessee purchase a building
and purchase price (as per sale deed) is composite one where
sale deed does not indicate the price of land ... Conveyance Deed is concerned, consideration paid by the
assessee for land is shown separately. If the transaction was composite
one, then no distinction at least
over and above the
base rate with monthly rests.
(ii) Deed of Composite Hypothecation Agreement,
hypothecating its stocks / bookÂ
debts/machinery/equipments
Hypothecation agreement.
Exb.PW.1/H is the Composite Hypothecation Deed.
Exb.PW.1/I is the Letter of Continuity
aforesaid case was based on interpretation of clause 7 of the
mortgage deed which was executed between the parties and in the present
case such ... proceeds i.e. that
the loan transaction and the mortgage deed, are one composite
transaction which was inseparable is entirely erroneous. It is
settled
other hand has contended that clause
9 of the Partnership Deed, fairly establishes the right in favour of
the respondent. It is further submitted that ... shown as a partner in the earlier composition of the Partnership
Firm based upon the 1970 Partnership Deed. It has not been
established on record
disputed. Exhibit
'D' is the trust deed dated November 26, 1983. By the deed of trust
dated November 26, 1983 being Exhibit ... defendant No. 2
as the trustees. The composition of the trustees did not change
subsequently. The deed of trust being Exhibit 'D' permitted
