. The agreement was inadmissible. In this case, the contract consists of mutual commitments under section 54 of the Indian Contract Act. The defendant is precluded from doing so by section 92 of the Indian Evidence Act. He found that there had been a breach of contract and issued a decree for the appeal. On appeal, the District Judge set aside the objection under section 92 of the Indian Evidence Act and sought a new finding on the matter, namely. …::”Section 4, Decrees relating to Contracts to be taken into account under the Contracts Act – Chapters and sections of this Act, which relate to contracts, shall be considered part of India…) or in accordance with Article 17(2)(xii) of the Registration Act. Otherwise too, the certificate of sale was a contract concluded, did not require registration and was. offers or, in the best case, an agreement for sale. Counsel also argued that, in view of the amendment in section 54 of the Transfer of Ownership Act and section 17 of the Act. (6) A reference to an act in this section contains a reference to: when considering the application of Article 54(1), the Court of Appeal referred to the FAI General Insurance decision v Australian Hospital Care Pty Ltd4, in which the High Court stated that, when reviewing the application of the Section, the right invoked by the insured was as follows: special attention must be paid – the impact of the insurance contract on this right and the reason for the insurer`s refusal to pay the right (factors reproduced in Highway Hauliers seriatim).
Section 54 is covered by Chapter 4 of the Indian Contract Act, 1872, which deals with the performance of contracts. In addition, it falls under the subheading `Respect for mutual commitments`, which includes paragraphs 51 to 58. MUTUAL PROMISES – These promises can be seen as promises in exchange for each other. An example is, “If you do that, I will.” In addition, in Section 2(f), the Indian Contracts Act defines them as “promises that constitute the consideration or part of the mutual consideration are called reciprocal promises.” A promises B that he will deliver 100 kg of maida, while B promises to pay A at the time of delivery. This is the perfect example of a treaty with a mutual promise, because both sides have promised something to each other. The promise of one party is to heed the other. . Law on the transfer of ownership on a basis other than a contract which, taking into account the . whether Section 54 would be attracted in the event of fraud within the meaning of Section 17 of the Indian Contract Act. The Property Act, which defines sale in section 54, is to be read in section 55 subsection (4) of the said Act, where the non-payment of consideration results in a royalty.
The definition of “transfer” in section 2(47) of the Income Tax Act 1961 is that, where a right in capital has lapsed and the right is transferred to someone, this would amount to a transfer of capital. Once a contract of sale has been concluded in favour of the buyer, the assignee obtains the right to have the asset transferred to him by bringing an action under the Specific Performance Act. The capital was transferred by the Assessee on 16-09-2011 to the purchaser and acquired on 04-10-2010, which shows that the purchase of the property took place within one year from the date of the transfer, in accordance with Article 2 (47). . . .