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The Madras High Court today issued a notice to the Reserve Bank of India (RBI), asking it to respond to a Public Interest Litigation (PIL) filed with the Court challenging the Non-Performing Assets (NPA) norms set by the banking regulator. The notice was issued by Justice M M Sundresh and Justice R Hemalatha, confirmed the petitioner’s lawyer M R Venkatesh. The petitioner Rajaa R K had prayed to the Court to direct the banking regulator to form a committee to look at NPA classification norms and set new ones suitable to the Indian economy after considering the current circumstances.
by Sekar Reporter · Published July 11, 2020
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Tds case jidge krishnan ramasamyn. பொங்கல் பரிசு, வெள்ள நிவாரணம் போன்ற பணப்பலன்களை பயனாளிகளின் வங்கிக் கணக்கில் செலுத்துவதன் மூலம் முறைகேடுகளை தவிர்க்க முடியும் என தமிழக அரசுக்கு சென்னை உயர் நீதிமன்றம் யோசனை தெரிவித்துள்ளது income tax senior standing counsel dr ramasamy
by Sekar Reporter · Published December 20, 2023
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In a relief to an income tax assessee whose premises were raided along with that of state health minister C Vijayabaskar in April 2017, leading to the cancellation of bypoll to RK Nagar constituency, the Madras high court has stayed all recovery proceedings against the assessee.Justice Anitha Sumanth, before whom the case came up for hearing on Friday, directed the income tax to file its reply by February 24, and added: “Let no recovery proceedings be initiated till then.” The petitioner approached the court challenging the assessment order of deputy commissioner of income tax, central circle for the year 2018-19, assessing his total income as Rs 4,52,48,500, including the amount seized at the time of search.
by Sekar Reporter · Published February 9, 2020