Madras High Court Upholds Delay in Benami Case Appeal Involving Sasikala
Madras HC: Won’t interfere in benami case involving Sasikala
The Times Of IndiaImage: The Times Of India
The Madras High Court has declined to intervene in an appeal by the Income Tax Department regarding V K Sasikala's benami case. The case involves a disputed transaction from 2017 concerning the sale of shares at Spectrum Mall in Perambur for ₹18 crore (approximately $2.2 million USD).
- 01Madras High Court refused to interfere in the Income Tax Department's appeal.
- 02The case involves a transaction where V S J Dinakaran sold shares to Sasikala for ₹18 crore.
- 03A show cause notice was issued under the Prohibition of Benami Property Transactions Act.
- 04The appellate tribunal condoned a 763-day delay in Dinakaran's appeal.
- 05The court emphasized the importance of substantial justice in its decision.
Advertisement
In-Article Ad
The Madras High Court has decided not to interfere in an appeal by the Income Tax Department regarding V K Sasikala, a close aide of the late Chief Minister J Jayalalithaa, and her alleged benami, V S J Dinakaran. The case centers on a transaction from 2017 involving Dinakaran's sale of shares at Spectrum Mall in Perambur for ₹18 crore (approximately $2.2 million USD) to Sasikala. A show cause notice was issued to Dinakaran on November 1, 2019, under the Prohibition of Benami Property Transactions Act, claiming he acted as a benamidar for Sasikala. Although the adjudicating authority did not confirm the attachment order, Dinakaran later appealed to the appellate tribunal with a significant delay of 763 days. The tribunal accepted the delay, leading to Dinakaran's current appeal against this decision. The bench, led by Chief Justice Sushrut Arvind Dharmadhikari, stated that they cannot interfere unless the tribunal's discretion was exercised on untenable grounds.
Advertisement
In-Article Ad
This ruling could affect ongoing investigations into benami transactions in Tamil Nadu, impacting how similar cases are handled in the future.
Advertisement
In-Article Ad
Reader Poll
Do you believe the Prohibition of Benami Property Transactions Act is effective in combating corruption?
Connecting to poll...
More about Income Tax Department
Read the original article
Visit the source for the complete story.


