The Madras High Court urged Tamil Nadu to collaborate with the Enforcement Directorate (ED) regarding alleged financial irregularities involving TASMAC. The Advocate General opposed cooperation, criticizing the ED’s unannounced raids. The Court emphasized the need to avoid personal pride while questioning the ED’s motives, especially ahead of upcoming Tamil Nadu elections.
The Madras High Court criticized the Tamil Nadu government for not informing it about a transfer petition to the Supreme Court regarding the TASMAC and ED case. The court expressed disappointment, feeling the State acted unfairly. The ED claims financial irregularities in TASMAC operations involved more than Rs.1,000 crore and sparked political tensions.
The Delhi High Court reinstated Samsung India’s stay application concerning a Rs 1,213 crore tax demand, overruling the ITAT’s previous dismissal. The court’s decision allows ITAT to reconsider Samsung’s merits promptly. Samsung faces ongoing challenges, including a customs duty evasion notice and competition in the smartphone market.
A case has been filed against BJP MLA Basanagouda Patil Yatnal for insulting Rahul Gandhi during a public meeting. The Supreme Court issued a notice regarding a petition to challenge Yatnal’s election. He also faces accusations of spreading misinformation aimed at destabilizing the Congress government in Karnataka, raising concerns among officials.
The Supreme Court granted bail to Ashutosh Garg, accused of tax fraud amounting to Rs 1,032 crores through fake firms. The Court took into account the maximum penalty of five years and time served in custody. Garg’s appeal highlighted the economic impact of his actions, leading to a different approach in bail consideration.
