You may also like...
-
Priyakumar: Great Justice Birthday… Justice V. R. Krishna Iyer
by Sekar Reporter · Published November 15, 2020
-
Aag வாழ்த்து by jp
by Sekar Reporter · Published August 29, 2021
-
Tasmac challenged the constitutional validity of Section 40(a)(iib) of the Income Tax Act of 1961 on the premise that the legal provision “distorts federal polity” and was aimed at “unjustly” enriching the Centre, but a Bench led by Chief Justice of Madras High Court Amreshwar Pratap Sahi dismissed the writ petition. He agreed with Hema Muralikrishnan, senior standing counsel for the I-T Department, that the official concerned was in the process of assessing whether Tasmac was liable to pay tax for ₹14,574.74 crore for the assessment year 2017-18 and hence a challenge to the statutory provision could not be entertained in the present stage.
by Sekar Reporter · Published March 15, 2020