Expenses Incurred For Payment Of Foreclosure Premium Of Loan Is Allowable As Business Expenditure U/S 37(1): Madras High Court

The Madras High Court recently ruled that the expenditure incurred for payment of foreclosure premium for restructuring loan and obtaining fresh loan at a lower rate of interest is allowable as business expenditure u/s 37(1) of the Income Tax Act.Such ruling came while dealing with a case where scrutiny proceedings were initiated, leading in revisional assessment u/s 263, based on the...

Opinion On Merits Destined To Remain In Sealed Cover Forever: Madras HC Observes As 46-Yr-Old Dispute Ends After Parties Reach Compromise

A 46 year old land dispute suit was recently disposed of by the Madras High Court after the parties informed the court that they have arrived at a compromise."Shocked" by the long pendency of the suit, the High Court had in July this year transferred the suit–earlier pending before the lower court, to itself by exercising powers under Section 24 of the Code of Civil Procedure and Article 227...

Tendering Apology As A Matter Of Course To Escape Consequences Of Hate Speech Cannot Be Entertained: Madras High Court

While dismissing the anticipatory bail petition filed by South Indian actress Kasthuri for allegedly making controversial remarks against the Telugu community in Tamil Nadu, the Madras High Court observed that the courts could not entertain apology tendered as a matter of course after making derogatory and scurrilous statements bordering hate speech."A strong message must be sent by the...

Advocates Should Try To Resolve Matrimonial Disputes 'Without Adding Fuel To Fire': Madras High Court Suggests BCI To Form Guidelines

The Madras High Court recently suggested the Bar Council of India to formulate guidelines ensuring that Advocates resolve matrimonial disputes amicably without adding fuel to the fire. The bench of Justice Bhavani Subbaroyan and Justice KK Ramakrishnan remarked that lawyers had an enormous social responsibility to ensure that the social fiber of family life is not ruined or...

Govt To Consider Verifying Criminal Antecedents Of School Teachers Before Appointment: State Tells Madras High Court

The Tamil Nadu government on Wednesday (November 13) informed the Madras High Court that it was considering bringing in a proposal whereby appointments to the Secondary Grade Teachers, PG Assistants, or any other posts in the Government schools and government Aided Institutions shall be made only after verifying the antecedents of the candidates. The submission was made before a bench...

Madras High Court Denies Anticipatory Bail To Actress Kasthuri For Alleged 'Controversial Remarks' About Telugu Community

The Madras High Court on Thursday (November 14) denied anticipatory bail to South Indian actress Kasthuri for her alleged comments against the Telugu community in Tamil Nadu. A single bench of Justice Anand Venkatesh, on Thursday dismissed the anticipatory bail plea filed by the actress. Speaking at a Brahmin meet in Chennai on November 3rd, the South Indian actress had purportedly...

Honouring Bharat Mata Is An Expression Of Love And Pride: Madras High Court Asks State To Return Bharatha Matha Statue Taken From BJP Office

The Madras High Court recently asked the State to return a Bharatha Matha statue that was seized from the Bharathiya Janata Party's office in Virudhanagar East. Though the authorities claimed to have removed the statue to maintain peace and harmony in the society, Justice Anand Venkatesh observed that no person in their right mind would contend that the expression of...

Madras High Court Allows Release Of Suriya Starrer 'Kanguva' After Producer Makes Part Payment Towards Dues

The Madras High Court on Wednesday (November 13) cleared the release of Suriya and Bobby Deol starrer Kanguva movie after its producer, K E Gnanavel informed the court of making part payment towards dues. A division bench of Justice G Jayachandran and Justice CV Karthikeyan also recorded a proposal made by the producer of making a one time settlement of Rs 3,75,00,000 by December...

Madras High Court Refuses To Quash Summons Issued To MD Of Manappuram Finance Ltd For Allegedly Auctioning Stolen Gold

The Madras High Court recently refused to quash a notice issued to the CEO and Managing Director of Manappuram Finance Limited for allegedly auctioning stolen gold. Justice KK Ramakrishnan of the Madurai bench refused to quash the notice issued to VP Nandhakumar by the Central Bureau of Investigation under Section 41 (A) of CrPC. The court added that the procedure under Section 41(A)...

Natural For Two Persons In Love To Hug & Kiss Each Other: Madras High Court Quashes Sexual Harassment Case Against Man

The Madras High Court recently quashed criminal proceedings initiated against a man under Section 354A IPC for allegedly committing sexual harassment on a girl. Justice Anand Venkatesh observed that to constitute an offence of sexual harassment, a man must have committed physical contact and made advances involving unwelcome and explicit sexual overtures. In the present case, the...

Hindu Succession Act | 2005 Amendment Giving Equal Rights To Daughter Resulted In Reducing Shares Of Mother & Widow : Madras High Court

While discussing the 2005 amendments to the Hindu Succession Act, Justice N Seshasayee of the Madras High Court observed that while the amendment ensured that daughter's got a share in the ancestral property, it also took away the quantum of property that would otherwise vest with the widow and the mother of a deceased. “In the din of this euphoria what however, appears to have...

Recovery Action Against Company Directors Cannot Be Initiated If Status Of Assessee Is Non-Existent: Madras High Court

The Madras High Court ruled that recovery actions against the directors of a company cannot be initiated if the status of the assessee is non-existent. The Division Bench of Justices Anita Sumanth and G. Arul Murugan observed that “while in the case of amalgamation, it is only the apparent and outer shell of the company which is destroyed…. However, in the case of...