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IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED : 05.08.2021
CORAM:
THE HONOURABLE Mr.JUSTICE S.M.SUBRAMANIAM
W.P. No. 8605 of 2006 and WMP No.9567 OF 2006
M/s.Shiva Texyarn Limited 252 Mettupalayam Road Coimbatore 641 043 Rep. By its Managing Director S.V.Arumugam ... Petitioner Vs.
North Block, New Delhi
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
O R D E R
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].
Sd/-
Assistant Registrar(CS III)
//True Copy//
Sub Assistant Registrar
RR
To
+1cc to Mr.M.P.Senthilkumar, Advocate, S.R.No.38618
W.P.No. 8605 of 2006
PCH(CO) HS(31/08/2021)
1 issue framed by the court
Whether the Accounting Standard AS-22 is illegal and ultra vires the Constitution of India and applicable laws.
Colour shows how this judgement treated each authority
J.K.Synthetics v. Union of IndiaReferred¶20
J.K.Synthetics v. Union of India [297 ITR 176]
2 provisions across 2 enactments
M/s.Shiva Texyarn Limited
Union of India
Institute of Chartered Accountants 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
Parties & counsel
