Income Tax Dept carried out search & seizure y'day in case of a leading advocate practising in field of commercial arbitration & alternate dispute resolution.

He was suspected to receive substantial amounts in cash from his clients, to settle their disputes

(Source: @ANI )
During the search, 38 premises spread over Delhi, NCR and Haryana have been covered and cash of Rs 5.5 crores has been seized, while 10 lockers have been placed under restraint: Ministry of Finance

@nsitharaman @FinMinIndia @ANI
In one case, the assessee received Rs. 117 crore from a client in CASH, whereas he had shown only Rs. 21 crore in his records, which was through cheque.

In another case, he received more than Rs. 100 crore in cash

@nsitharaman @FinMinIndia
Evidences recovered indicate investment of more than Rs. 100 crore in the last two years. The assessee has also purchased several schools and properties, for which also more than Rs. 100 crore was paid in cash. He has also taken accommodation entries worth several crores.
Income Tax Dept raids Advocate: 38 premises of a leading commercial arbitration lawyer; Seizes Rs 5.5 crore cash

Read Story: bit.ly/3k4x8o5

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More from @barandbench

17 Oct
WEBINAR:

Webinar on "Career in Criminal Law Practice" organized by Jammu & Kashmir HC and J&K Judicial Academy will begin shortly now.

Senior Advocates Rebecca John, Siddharth Luthra and Mohit Mathur will be in conversation with Advocate Bharat Chugh.

@AdvBharatChugh Image
Session begins.

Chief Justice of the Jammu & Kashmir HC, Justice Gita Mittal, is chairing the session.
Moderator, Rajeev Gupta introduces the panelists - the three Senior Advocates as well as Advocate Bharat Chugh.

@AdvBharatChugh
Read 59 tweets
16 Oct
STUBBLE BURNING:

#SupremeCourt takes up for hearing petition highlighting the issue of stubble burning in the States of Punjab, Haryana and Uttar Pradesh.

Bench led by CJI SA Bobde is hearing the petition.

#stubbleburning #AirPollution #Punjab #Haryana #UttarPradesh Image
Senior Counsel Vikas Singh for the petitioner tells the Court that the State of Punjab has filed an affidavit while States of Haryana and UP have not.

Singh argues that something needs to be done.

CJI: Don't say "something", you make specific prayers
Singh: The prayer in my petition is that a one man commission of Justice (retd) Madan Lokur can be appointed because he has dealt with many environment issues... Because state agencies and EPCA etc are not empowered and don't have any teeth to take action.

#SupremeCourt
Read 20 tweets
16 Oct
Supreme Court declines to entertain petition praying for removal of Uddhav Thackeray led government from #Maharashtra and imposition of President's rule.

CJI to petitioner: As a civilian you are liberty to approach the President, don't come here.

#SupremeCourt @OfficeofUT Image
Petitioner attempts to highlight incidents of "misgovernance"

CJI: You are saying that because some #Bollywood actor (#SushantSinghRajput) has died, the Constitutional rule is not being followed in the State?

#SupremeCourt #Maharashtra @OfficeofUT
Petitioner: There are more instances.

CJI: Every instance you have mentioned has taken place in #Mumbai. Do you know how big #Maharashtra is? Thank you, we are not inclined to entertain.

#SupremeCourt @OfficeofUT
Read 4 tweets
16 Oct
Justice AM Khanwilkar: Where is the petitioner? Why are you not speaking?

Adv ML Sharma: I am speaking

(Judges laugh): If you don't speak, how will we hear you

Adv Sharma: Sorry Madam , oh sorry Your Lordship

#courtroomexchange
#SupremeCourt
ML Sharma: Case concerns Delhi police declined to entertain the FIR regarding of a tribal women who was raped seven times and attempted to be killed. Delhi police is shielding the accused. Four time she was raped in Chattisgarh and thrice she was raped in Delhi. No CBI probe!
SC: We have given you five minutes and waiting for you to finish

Sharma: Chattisgarh police never registered FIR even though the HC ordered to register one.

SC: Show us the HC orders
Read 5 tweets
16 Oct
Delhi High Court to shortly begin hearing plea by Mohit Saraf, Senior Partner, L&L against the firm's Founder Partner, Rajiv Luthra.

Matter is before Justice V Kameswar Rao.

#MohitSaraf #RajivLuthra Image
The main contention in Saraf's plea is that he could not be summarily thrown out of L&L Partners using strong-arm tactics.

#MohitSaraf #RajivLuthra

Read more:
barandbench.com/news/ll-partne…
Rajiv Luthra has issued a public notice in the newspapers, that Mohit Saraf is no longer a Partner with L & L Partners with effect from October 13, 2020. Image
Read 193 tweets
16 Oct
The Bombay High Court is presently hearing PILs filed registering protest over the media trial being conduct in the reporting on the death of actor Sushant Singh Rajput. The matter is being heard by a Bench of Chief Justice Dipankar Datta and Justice GS Kulkarni. Image
ASG Anil Singh continues from the previous hearing - relying on the Sahara judgment.
ASG is arguing for the Union of India.

He points out from the Sahara judgment that the context and content of the offending publication has to be taken into consideration.
Read 58 tweets

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