Madras HC rejects Dhanush’s plea on Rolls Royce tax exemption

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Chennai, Aug 5 | A single bench of the Madras High Court on Thursday refused to permit actor Dhanush to withdraw a plea for exemption from entry tax for import of a Rolls Royce car from the United Kingdom. The plea was made in 2015.

Dhanush is also the son-in-law of south Indian mega star, Rajinikanth.

The court censured the actor for failing to pay the tax even after the matter was settled by the Supreme Court in 2018.

On Thursday, when the plea came up for hearing before Justice S.M. Subramaniam, counsel for Dhanush told the court that the actor had already paid 50 per cent of the tax and that he was willing to pay the balance. The counsel requested the court to permit him to withdraw the plea.

However, the court refused to let Dhanush withdraw the plea and said that the matter was pending since 2015.

The court said, “If your intentions were genuine you should have paid the tax when the Supreme court settled the matter in 2018. But now after the High Court listed it for passing the order, you are seeking to withdraw.”

The court came out heavily on the actor and said that even a milk vendor or a daily wage labourer is paying the taxes for every litre of petrol he buys and no such person has approached the High Court seeking exemption from such taxes.

The court said, “No doubt you have the right to move the court but you should have paid the tax and withdrawn the petition at least after the Supreme court settled the issue in 2018.”

The court also asked the actor’s counsel as to whether he knew of the ‘Vexatious Litigation Act’. The court said that it was not able to settle genuine issues due to such pending petitions.

The Madras High Court’s single bench had on July 13 come down heavily on Tamil superstar, Vijay while dismissing a similar plea moved by him seeking tax exemption.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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