Madras High Court cancels order to taxes and penalties on the basis of deemed assessment The petitioner, TVL.Weather maker have involvement in Lloyd AC trading. The petitioner’s case is that the petitioner has also made maintenance contracts. For the services provided by the petitioner. The petitioner is paid at a cost. According to the petitioner, the number of accusations will represent the revenue of the petitioner. It will not fall within the scope of TNVAT actions. In fact, for charges paid to the petitioner, TDS has also been affected. The petitioner is an assessee with the Deputy State Tax Officer registration. The case in hand is related to the year of assessment of 2014-15. The petitioner’s assessment was completed based on an assessment that was considered under Section 22 (2) ACT TNVAT, 2006. The assessment authority called for the Petitioner’s account book. After examining the same thing, pre-revised notifications were issued. Of course, the petitioner offers objections. After that, the Impugned order came to pass the tax and penalty. Meanwhile, To challenge the same thing, a writ petition was filed. The petitioner submitted that he would send 10% of the amount of tax disputed before the second respondent on or before March 31, 2021. And if this court remands this problem. Money must be remitted by the petitioner on or before March 31, 2021. Moreover, It will follow the results of the remand order passed by the Deputy state tax officer after remand. A single-judge bench of Judge G.R.Swaminathan put aside the […]
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High court bench to increase the amount of compensation In 2017, the court had provided Rs 2 Crore as compensation in its verdict. Then, Vidhya approached the high court bench to increase the amount of compensation. The Madurai bench of Madras High Court has recently increased the compensation. Firstly, The Motorcycle Accident tribunal increased the Aid by Rs 1 Crore. The woman suffered 100 percent permanent disability in an accident in 2013. Disabled and dependent on other people for daily activities The woman, M Sri Vidhya, in her petition said that she had met with an accident on February 24, 2013. She suffered a severe spine injury. This made her disabled (under her hips), and dependent on other people for daily activities. Vidhya then approached the high court bench to increase the amount of compensation. A divisional bench of Justice Pushpa Sathyanarayana and Sannammal increased her Aid. Most of all, They rejected the appeal submitted by the insurance companies. Insurance companies objected to raising compensation Insurance companies have objected to raising compensation. Also, They claimed that Sri Vidhya had worked in Singapore. Most of all, They insisted that the court must consider her job while estimating the income. But, the judges rejected their submission. The judges added that the tribunal had failed to give any amount to future revenue prospects. By the way, It increased its notional monthly income from Rs1.7 lakh to Rs2.38 lakh. It also increased the amount of pain and her suffering which led to her discomfort. […]
The Sahara-Birla case echoed in hearing the Anil Deshmukh petition in the Supreme Court The 2017 Sahara-Birla case echoed in today’s process. This is related to the challenges caused by the Maharashtra government and former Minister of home Anil Deshmukh. By all means, it is against the direction of the Bombay High Court for a preliminary investigation. An investigation by former Commissioner of Police Mumbai Param Singh. Independent investigation monitored by the court Senior Advocacy of Kapil Sibal appeared for Deshmukh, drew parallel with the 2017 case where the distribution of Arun Mishra and Amitava Roy’s judges have stated that the documents from the Sahara-Birla indicate the alleged payment to Prime Minister Narendra Modi, and other civil servants, not enough to direct an independent investigation monitored by the court. In that case, the court has argued that investigations cannot be ordered based on unacceptable documents in evidence. CBI investigation Sibal handed over that in the instant case, the question is whether the CBI investigation can be ordered based on the statement of Parllamber Singh, which is not proven. He stated that Singh did not have personal knowledge and the statement did not have an evidential value. Prima-facie reliable “It is not the case that he has knowledge. The case is that this statement was made by the Minister of Home Affairs for Patil, who then went to Bhujhbal, who then spoke with Waze, who told me. On the Inquiry, CBI was ordered against me. There was no evidentiary value. This […]
Coercive action against SREI Equipment Finance Ltd SREI EQUIPMENT FINANCE: NCLAT LIFTS RESTRICTIONS IN THE RBI Action: The National Company Law Appellate Tribunal (NCL) has ordered the Interim Stay in a certain section of the Order of the Kolkata National Law Tribunal (NCLT) Order, which prevents the Reserve of Bank of India (RBI) from taking coercive action against SREI Equipment Finance Ltd. An Interim stay (partial assistance to the RBI), according to the order, will remain effective until the RBI application. Orders by NCLAT’s two-judge bench observed that any opinion about the power of NCLT to pass an order against RBI can affect the benefits of appeal and the court is considered suitable to forward interim orders. Non-bank financial company based in Kolkata (NBFC) Last week, the central bank had moved the court that challenged the NCLT order on December 30, 2020, which enabled the non-bank financial company based in Kolkata (NBFC) to skip repayments between January 1 and June 30, 2021, and quoted that it was not made as a party for cases in Kolkata NCLT. NCLT rules to pass an order contrary to the RBI RBI’s also said the direction that was passed by the Kolkata bench was contrary to the law because he exceeded his jurisdiction when passing the order. Counsel for the central bank further referred to that NCLT was not empowered under NCLT rules to pass an order contrary to the RBI July 2015 master circular on prudential norms and asset classification norms. RBI said […]
AG removes himself from dealing with requests for criminal contempt against justice Katju Advocate General KK Venugopal on Tuesday removed himself from dealing with a request for Criminal proceedings against former Supreme Court Judge Markandey Katju for his remarks against the court in the UK for the extradition case of Nirav Modi in England. Venugopal, in his reply to the Petitioner of Advocate Alakh Alok Srivastava, “I have to show that I have known Justice Katju for about 16 years and we have interacted with each other since. In this background, it is not right that I deal with this matter.” Section 15 (3) – Criminal Contempt process In fact, He showed that Section 15 (3) empowered the Attorney General or the solicitor general to give consent to begin the criminal Contempt process if considered suitable. “If so it is recommended, you can submit a consent before India’s Solicitor General Tushar Mehta,” Venugopal told Srivastava in his one-page letter. Moreover, Srivastava wrote to Venugopal on March 1 and looked for his consent to begin the criminal proceedings against justice(Retd) Katju. Fugitive economic offender Nirav Modi Srivastava quoted the ruling of the British court of February 25 while rejecting the request by fugitive economic offender Nirav Modi against his extradition to India. Mainly, He said the British court had recorded the alleged “contemptuous” comment made by Kattue (Retd) Katju by means of evidence that supports NIRAV Modi. “Contemptuous” comment “This is quite axiomatically from the naked paragraph of the assessment that Justice (Retd) […]
