SC dismisses I-T dept's plea against Zee Telefilms
The Supreme Court dismissed a petition filed by the Income-Tax Department against Zee Telefilms seeking to "recover tax" amounting to more than Rs 46 crore from the entertainment major.
A bench comprising Justice Markenday Katju and Justice V S Sirpurkar dismissed the appeal on the grounds that the department took 761 days to move court against the largest producer of Hindi films.
It came down heavily on the government observing that it has become usual for income-tax officials to delay such petitions.
The bench gave no importance to the department's plea that its Mumbai office had been requested to fix responsibility for the inordinate delay and to obtain explanation for it so that action can be taken.
Stating that the revenue involved is recurring in nature, the department argued that the Bombay High Court, which dismissed its plea, ought to have considered that public interest would suffer if such cases were "thrown out merely on grounds of delay".
According to the department, the income-tax tribunal was not right in allowing deductions on giving cinematographic films rights to overseas customers on lease even though the profit Zee derived was not from the export of goods or merchandise.
Less time to read?
Try Quickreads
-
Thane: Biker dies after being mowed down by truck; driver absconding
In a tragic incident, a 24-year-old biker was mowed down after being hit by a trailer at Mankoli, Bhiwandi, Thane on Wednesday night. Police has lodged a case against an unknown truck driver on Wednesday. The driver of the trailer is absconding after the accident. The incident took place at Mankoli Naka near the bridge in Bhiwandi on Wednesday night, when the biker was on his way to Thane.
-
Staff will suffer, feel restaurateurs; customers happy
On Monday, the Central Consumer Protection Authority prohibited eateries from automatically or by default levying service charges on food bills. This decision has left restaurateurs feeling anxious as they think this isn't in the best interests of their staff. Divyam Oza, co-founder of Gosip-The Happy Bar, Viman Nagar, is extremely disappointed with the decision. Oza shares, “Service charge keeps employees motivated to work harder in such a huge, short-staffed environment.”
-
MeT department issues orange alert for heavy rains in Himachal for two days
Himachal Pradesh got scattered showers on Thursday with the meteorological department warning of heavy rain till July 11 and issuing an orange alert for Friday and Saturday even as rescuers searched for the four men who went missing after flashfloods destroyed three camping sites at Chonjh village in Kullu district on Wednesday.
-
Jodhpur: Married in 2003, girl wins battle as court annuls child marriage
She was married when was only 2.5 years old but her dreams to become a teacher gave her strength to break the shackles of child marriage. Now after 18 years, Samta is a free bird after annulment of child marriage by a family court in Jodhpur. She was married in 2003 to a young man from Osian tehsil, when she was two-and-a-half years old.
-
24-year-old biker dead after trailer rams into him in Bhiwandi
A 24-year-old biker was mowed down by a trailer at Mankoli in Bhiwandi on Wednesday night. The incident occurred near the bridge at Mankoli Naka when Shah was on his way to Thane. A passer-by informed the police about the incident. The police admitted Shah to Indira Gandhi Memorial Hospital, where he was declared dead before arrival.
