In an interview with CNBC-TV18, Senior Advocate, Arvind Datar said that he was very happy with this statement and it has taken care of the absurdity in the past where whether someone was a resident or not, but just because they paid some amount to Cyprus, tax was too be deducted at source.
During the lecture on Friday, Arvind Datar had said the Supreme Court had asked Sahara Group chief Subrata Roy not to leave the country when the issue related to a Mumbai property came up during one of the hearings.
Sebi is seeking appointment of Receiver on the ground that Roy‘s two firms were not in a position to comply with apex court's August 31, 2012 order to refund the money to investors.
Finally…Achche Din For Tax Litigation?
NJAC Verdict Deconstructed
Solicitor General Ranjit Kumar told the court that 3,500 representations have come in pursuance to the notice on the Ministry's website soliciting inputs on improving the revived collegium system.