Probably settles all the different pronouncements on house property, deposits, membership fee recd, etc by various HC ,especially 1985 Calcutta HC till July 2023 saturday club, and Delhi Gymkhana , stock exchanges etc ; Clause of Mutuality was interpreted as court thought of. Reliance played a great part in placing their money in the forms of property and deposits, diverting their taxations. If this decision will make the AOP status taxable ,well so many clubs will shut down faster. K Rajaram IRS 18 8 23 xxxxxxxxxxxxxxxxxxxxxxxxxxxx In response to
Rangarajan T.N.C. 11:52 (2 hours ago) to me SC dismisses the batch of appeals preferred by various clubs challenging the HC judgments in Secunderabad Club and Madras Gymkhana Club, among others, holding the clubs liable to tax on interest earned from deposits made with their corporate members; SC categorically holds that the coordinate bench ruling in Bangalore Club holds the field and does not require reconsideration despite the fact that the coordinate bench did not consider the prior judgment in Cawnpore Club; SC observes that the Cawnpore Club decision is not a precedent under Article 141 of the Constitution as it did not declare any law on the principle of mutuality; SC relies on a catena of domestic and foreign judgments to uphold the HC rulings and holds the clubs liable to tax on such interest income like any other income from other sources The judgment was pronounced a while ago by the Division Bench of Supreme Court comprising Justice B.V. Nagarathna and Justice Prashant Kumar Mishra Senior Advocates Arvind P. Datar, Firoze B. Andhyarujina, Pritesh Kapur along with Advocates M. P. Senthil Kumar, Pratap Venugopal and a battery of lawyers appeared for the Assessees while the Revenue was represented by ASG Balbir Singh, Senior Advocate Arijit Prasad along with Advocates Gargi Khanna, Alka Agarwal, A. K. Kaul and others On Fri, 18 Aug 2023 at 11:52, Rangarajan T.N.C. <[email protected]> wrote: > SC dismisses the batch of appeals preferred by various clubs challenging > the HC judgments in Secunderabad Club and Madras Gymkhana Club, among > others, holding the clubs liable to tax on interest earned from deposits > made with their corporate members; SC categorically holds that the > coordinate bench ruling in Bangalore Club holds the field and does not > require reconsideration despite the fact that the coordinate bench did not > consider the prior judgment in Cawnpore Club; SC observes that the Cawnpore > Club decision is not a precedent under Article 141 of the Constitution as > it did not declare any law on the principle of mutuality; SC relies on a > catena of domestic and foreign judgments to uphold the HC rulings and holds > the clubs liable to tax on such interest income like any other income from > other sources > The judgment was pronounced a while ago by the Division Bench of Supreme > Court comprising Justice B.V. Nagarathna and Justice Prashant Kumar Mishra > > Senior Advocates Arvind P. Datar, Firoze B. Andhyarujina, Pritesh Kapur > along with Advocates M. P. Senthil Kumar, Pratap Venugopal and a battery of > lawyers appeared for the Assessees while the Revenue was represented by ASG > Balbir Singh, Senior Advocate Arijit Prasad along with Advocates Gargi > Khanna, Alka Agarwal, A. K. Kaul and others > > > On Friday, 18 August, 2023 at 11:11:29 am IST, Rajaram Krishnamurthy < > [email protected]> wrote: > > > > https://www.livelaw.in/top-stories/supreme-court-launches-handbook-to-stop-use-of-gender-stereotypes-in-judgments-pleadings-235292?infinitescroll=1 > https://main.sci.gov.in/pdf/LU/16082023_073106.pdf TNCR > KR I lost trust in some of the Judges as the reasons behind their > pronouncements TIME alone can interpret in the future. The judge who > remains silent when one leader wants to be released and released also , the > assassin of a nation, unperturbed, questions the wisdom of another > independent court to explain where except a seniority there are no > detectable subordinates. In the management theory 4 decades back a term was > brought in to enhance the morality of the workforce; changing the bread; > clerk was considered a wrong term so called them by a different name; asst > was a taboo so named them as executives; executive was meant then only > senior officers of a company or the dept. asst was stolen into the > government from them. And behold all of them have become class one officers > immediately!! A Rose is a rose is a Rose by whatever name is called. Did > the words hidden were removed from the dictionary or had those terms gone > out of the minds of the people? Can they issue warrants? A whore is only a > prostitute is a call girl even if you call her with any different names. > KR IRS 18 823 > > On Fri, 18 Aug 2023 at 07:44, Rangarajan T.N.C. <[email protected]> > wrote: > > > https://www.livelaw.in/top-stories/supreme-court-launches-handbook-to-stop-use-of-gender-stereotypes-in-judgments-pleadings-235292?infinitescroll=1 > > https://main.sci.gov.in/pdf/LU/16082023_073106.pdf > > -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/CAL5XZoqvRzhfk01H5CJuxKTn8E2J9t6qSCKenczsnwTfmJGOiw%40mail.gmail.com.
