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Lawyersclubindia Articles


Buffett Bets on Bright U.S. Economic Future With Burlington

  Raj Kumar Makkad   06 November 2009 at 07:21

Warren Buffett believes in the United States’ economic future, and yesterday (Tuesday) he put his money where his mouth is.Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) acquired railroad Burlington Northern Santa Fe Corp. (NYSE: BNI) in a deal v ..


Posted in Corporate Law |   652 Views


Will the RBI change its stance?

  Equitymaster   04 November 2009 at 12:19

All eyes will be on the RBI today as it releases its monetary policy and also gives an indication of where the interest rates are headed. The decision will be tough for the central bank as while on one hand the economy is limping back to recovery, on ..


Posted in Others |   891 Views


Is reservation on Regious basis justified?

  Raj Kumar Makkad   04 November 2009 at 12:18

In order to gain momentum in the case of Dalit Christians, church groups will organise a rally on Nov. 19, pressing the government to render SC status to converts to Christianity.Organised by the National Council of Dalit Christians, NCCI and CBCI, t ..


Posted in Constitutional Law |   1154 Views


Crime and social policy

  Raj Kumar Makkad   04 November 2009 at 12:18

Crime is a feature of all societies at all times. Nevertheless, certain trends and patterns appear consistently at different times and places. In general, traditional societies—i.e., rural and agricultural societies that lack significant econom ..


Posted in Criminal Law |   1054 Views


Interesting Definitions of crime

  Raj Kumar Makkad   04 November 2009 at 12:18

Crime is always fearful. (Roman)Crime often falls back upon its author’s head. (Roman)Crime puts those on an equal footing whom it defiles. (Roman)Crime, when it succeeds, is called virtue. (Roman)Crimes may be secret, yet not secure. (Italian) ..


Posted in Criminal Law |   1009 Views


Service Tax Input Service

  Chirayu Kothi   03 November 2009 at 19:06

INPUT SERVICE Rule 2 (1) “Input Service” Input Service means any service(i) used by a provider of taxable service for providing an output service(ii) used by manufacturer, whether directly or indirectly, in ..


Posted in Taxation |   2473 Views


Scope of Public Accountability

  Raj Kumar Makkad   03 November 2009 at 19:06

‘Public Accountability’ is a facet of administrative efficiency. Publicity of information serves as an instrument for the oversight of citizens. By the same token it suggests that law could become a means for fighting corruption. Theref ..


Posted in Constitutional Law |   1930 Views


Law Commission Report

  Raj Kumar Makkad   03 November 2009 at 19:05

The Law Commission had suggested in its 166th Report on “The Corrupt Public Servants (Forfeiture of Property) Bill, 1999”, that a law be made for confiscation of property acquired by corruption. It is not merely sufficient to remove a cor ..


Posted in Constitutional Law |   1984 Views


Can Assessed Income be Less than Returned Income?

  Vineet   03 November 2009 at 19:05

Section 143 of the Income Tax Act, 1961 (the Act) was substituted by the Direct Tax Laws (Amendment) Act, 1987 w.e.f 1/4/1989. Prior to 1/4/1989, as per the provisions of sub-section (3) of section 143 of the Act the Assessing Officer after examinati ..


Posted in Taxation  2 comments |   9728 Views


Pregnant Women Beware Now

  Raj Kumar Makkad   02 November 2009 at 16:37

According to researchers, pregnant women who take antidepressants such as Prozac (ironically also referred to as the "happy pill"), increase the risk of birth defects in their babies by more than half. Even more alarming, women using SSRIs ..


Posted in Criminal Law |   1445 Views