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17 Delhi HC pulls up IT Dept. for filing appeal
where issue of law is well-settled
Income-tax Department has come under sharp criticism from the
Delhi High Court for filing appeal against Tax Tribunal decisions in which issue
of law is well-settled.
A Bench comprising Chief Justice Dipak Misra and Justice
Manmohan said that the judicial capital is extremely limited and should not be
wasted in needless litigations.
“In our view, appeals should not be filed in matters where
either no question of law arises or the issue of law is a settled one. We give
this direction because the ‘judicial capital’ in terms of manpower and resources
is extremely limited,” the Court said. The Court’s direction came on a petition
filed by the Revenue Department challenging an order of Tax Tribunal ITAT.
The Court, which was inclined to impose cost on the
Department, refrained by warning it to be careful in future before filing appeal
against ITAT.
(Source : Internet – www.forum4finance.com dated
10-8-2010)
“Only economic prosperity can produce progress. Prosperity arises out of
innovation and enterprise, from the technological ingenuity and the skills
that are housed in the great companies. Prosperity needs to move seamlessly
across the world so that no country is left behind. This means the corporate
CEO and the ambassador are locked in partnership.”
— PEPSICO Chairperson & CEO, Indra Nooyi addressing Indian Ambassadors in New
Delhi.
(Source :
The Economic Times, dated 14-9-2010)
