Employees Cannot Be Denied Pensionary Benefits Due To Administrative Delays, Not Attributable To Them: Madras High Court livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
The Chennai ITAT held that there is no requirement that specific money as deposited in capital gain account scheme should be utilized towards new investment, and the assessee may make investment.
Judge directs counsel to obtain necessary instructions by Feb. 18
The Dravida Munnetra Kazhagam (DMK) and the DMK Charitable Trust have moved the Madras High Court challenging orders passed by the Commissioner of Income Tax (Exemptions) to transfer their files from one Assessment Officer to another, who has been investigating the 2019 search and seizures with respect to the party’s general secretary Duraimurugan and others.
Justice Anita Sumanth directed senior standing counsel Hema Muralikrishnan, A.P. Srinivas and A.N.R. Jeyaprathap to take notice on behalf of the I-T officials and obtain necessary instructions by February 18.
The judge gave a short adjournment since senior counsel P. Wilson, representing the petitioner, insisted upon staying the operation of the Commissioner’s order.