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W.P.No.15890/2006
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 05.08.2021
CORAM:
THE HONOURABLE Mr.JUSTICE S.M.SUBRAMANIAM
W.P. No. 15890 of 2006 and WMP No.15659 OF 2006
M/s.Sripathi Paper and Boards Private Limited
1680/31 Ramani's Regency
Trichy Road, Ramanathapuram
Coimbatore 641 045
Rep. By its President
V.Srinivasan ... Petitioner
Vs.
1.Union of India,
Ministry of Law, Justice
and Company Affairs,
represented by its Secretary
Government of India
Shastri Bhavan
R.P.Marg
New Delhi
2.Union of India
Ministry of Finance
represented by its Secretary
Department of Revenue
Central Secretariat
North Block
New Delhi
1/4
W.P.No.15890/2006
Prayer: Writ petition is filed under Article 226 of the Constitution of India, for issuance of a Writ of declaration declaring the Accounting Standard AS-22 issued by the 4th respondent illegal and ultra vires Article 14, 19(1)(g) and 265 of the Constitution of India, as contrary to the provisions of the Companies Act and the Income Tax Act which are Central Enactments and hence strike down the same as illegal and ultra vires.
For Petitioner : Mr.M.P.Senthilkumar For Respondents : Mr.A.P.Srinivas and Mr.A.N.R.Jayaprathap for R1 to R3 Senior Standing counsel for Income Tax Mr.M.ARunkumar for M/s.Sampathkumar Associates for R4
Learned counsel for the petitioner submits that the issue involved in
this writ petition is covered by the decision of the Hon'ble Supreme Court in the
case of J.K.Synthetics v. Union of India [297 ITR 176] .
2/4
W.P.No.15890/2006
there shall be no order as to costs. Consequently connected Miscellaneous
Petition is also closed.
05.08.2021
Index : Yes/No
Internet : Yes
Speaking Order/Non-speaking Order
RR
To
1.The Secretary
Ministry of Law, Justice
and Company Affairs,
Government of India, Shastri Bhavan
R.P.Marg, New Delhi
2.The Secretary
Ministry of Finance
Department of Revenue
Central Secretariat
North Block, New Delhi
3.Central Board of Direct Taxes
Ministry of Finance
Central Secretariat
North Block, New Delhi
4.Institute of Chartered Accountants of India,
Indraprastha Marg
Post Bag No.7100
New Delhi.
3/4
W.P.No.15890/2006
S.M.SUBRAMANIAM, J.
RR
W.P.No. 15890 of 2006
05.08.2021
Colour shows how this judgement treated each authority
J.K.Synthetics v. Union of India [297 ITR 176]Referred¶16
M/s.Sripathi Paper and Boards Private Limited
Union of India
S.M.Subramaniam
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
S.M.Subramaniam
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