Shipping company conveys to HC inability to deposit ₹9,531 crore as damages for sunken ship
Following this, a Bench of Justice M.A. Abdul Hakhim extended the interim arrest of MSC Akiteta-2 that is berthed at the Vizhinjam port till August 6 and posted the case for hearing on the day.
Firm's contention
The shipping company contended that there is no report so far of oil pollution after the vessel's sinking and that the oil sheen that spread within one nautical mile off MSC Elsa 3 was completely removed by the 'ship owner.' It further said the claim was exaggerated for want of supporting documents.
The court directed the government to file its counter affidavit with supporting documents within two weeks, and the applicant company to file its rejoinder if any within a further period of one week, for the court to finally dispose of the application.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Six changes in ITR-2 Excel Utility that all taxpayers should know before ITR filing for AY 2025-26
What are the changes in the reporting process for ITR-2? ET Online ITR-2 excel utility ET Online ITR-2 excel utility The income tax department has released the Excel based utilities of most of the income tax return (ITR) forms like ITR-1, ITR-2, ITR-3, and others. However, this year (AY 2025-26), there are six significant changes in the reporting requirements for ITR-2. This form is applicable to those taxpayers who earn a salary or have non-business or professional income, as well as those with crypto, capital gains, and other types of reading to learn more about the six changes in the reporting process for the ITR-2 Excel-based income tax return (ITR) utilities for ITR-2 and ITR-3 were released on July 11, 2025. Here, we have listed the changes in the reporting process for ITR-2 Excel utility. The online utility (e-filing ITR portal) is yet to be Accountant Suresh Surana explains the six prominent changes in reporting mechanism in ITR-2 excel utility:A new row has been added to Schedule CG – A(A) to enable the reporting of capital losses arising from payments made by a company to its shareholders for the buyback of its own shares, in accordance with Section 68 of the Companies Act, 2013. Consequently, such capital losses are now permitted, provided the corresponding dividend income is disclosed under 'Income from Other Sources'.Source: ITR-2 excel utilityA new row has been added in Form ITR-2 to specifically capture dividend income arising under Section 2(22)(f), i.e., proceeds received by shareholders from the buyback of read: Making these common mistakes with ITR-2 and ITR-3 while using excel based utilities? Here's how you can fix it In the ITR-2 Form, resident individuals will now need to provide separate details for the cost of acquisition and cost of improvement in respect of transfers of land and buildings executed before and after 23rd July 2024 and on or after it. This change facilitates the application of indexation benefits for such ITR-2 excel utilityTaxpayers whose total income exceeds Rs 1 crore are now required to report all assets and liabilities as on the last day of the financial year. Previously, this applied to individuals whose income exceeded Rs 50 read: ITR-2 and ITR-3 excel utility released by Income Tax Department; Taxpayers with capital gains, crypto, other incomes can now file ITR Due to the recent changes brought about by the Finance Act 2024, effective from July 23, 2024, capital gains tax rates have changed. To help with accurate reporting and compliance, separate columns have been added to distinguish between capital gains made before and on or after July 23, 2024. This distinction is important because gains from transactions executed before this date will still be taxed at the old rates, while gains realized on or after this date will follow the revised tax rates.A new column has been added to Schedule TDS in Form ITR-2 for specifying the relevant Section code under which tax has been deducted at source for the ITR 2 excel utility
Time of India
5 hours ago
- Time of India
Toll may be halved for 2-lane national highways undergoing expansion
File photo: Road transport minister Nitin Gadkari (Picture credit: PTI) NEW DELHI: In yet another move to rationalise tolling on national highways (NHs), the road transport ministry has proposed to halve the toll during the expansion of 10-metre-wide two-lane highways with paved shoulders to four-lane highways. This has been proposed since commuters don't get the desired service while construction work is underway on such stretches, with the highway width available for use being reduced. At present, the user fee for such stretches is 60 per cent of the normal toll for NHs, even during expansion phase, as they are narrow highways without dividers. If the proposal goes through and gets the green signal from the finance ministry, the user fee will go down to only 30 per cent of the normal toll during the construction phase. In the case of widening of four-lane highways to six lanes or expanding six-lane highways to eight lanes, the chargeable toll is capped at 75 per cent of the normal rate during the construction phase. This is also because commuters don't get the desired service while work is underway on such stretches. This has also been a major issue, with there even being instances of courts taking note of the anomaly. The proposal to give relief to commuters using two-lane NHs with paved shoulders gains importance considering road transport minister Nitin Gadkari has announced a plan to convert 25,000 km of two-lane highways into four-lane highways with an investment of Rs 10 lakh crore in the next two years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 무지티만 입어도 빛날 수 있는 기부반지 유어턴 링 굿네이버스 더 알아보기 Undo The govt will be focusing over the next decade on the expansion of two-lane and two-lane with paved shoulders NH stretches, as nearly 80,000 km out of the total 1.46-lakh-km length of NHs fall under this category. Earlier, to provide relief to commuters, govt had announced the Rs-3,000 annual toll pass scheme, which will allow private vehicles to cross 200 toll plazas annually. More recently, it notified a new rule to reduce the toll rate by up to 50 per cent for structures such as bridges, tunnels, flyovers and elevated sections on highways, which will benefit commercial and heavy vehicles.
The Print
11 hours ago
- The Print
Legs hacked by Left supporters, how RS entrant Sadanandan's case played out in the courts
Sadanandan, a former SFI member, was attacked by several men in January 1994, years after he left the communist party for the RSS. Sadanandan lost both his legs in the attack near Kannur district's Thalassery. The police arrested 12 people, all of them with links to the Communist party. Eight were convicted, while four were acquitted due to the lack of evidence. Nearly a decade later, Sadanandan's nomination to Rajya Sabha is a reminder of Kerala's long history of political violence and revenge murders, most of which involve the CPIM and the BJP. Thiruvananthapuram: At a rally in the run-up to the 2016 Assembly polls, Prime Minister Modi held up the hand of the BJP candidate from Kannur's Koothuparambu constituency, C. Sadanandan Master, highlighting the 'brutality committed by the communists' in the State. According to court documents, the attackers also set off a bomb to create an atmosphere of terror in the area. Analysts say that almost three decades later, the BJP is trying to use Sadanandan's Rajya Sabha entry to highlight Kerala's history of political killings, especially in Kannur district. On Sunday, Prime Minister Narendra Modi described his life as an epitome of courage and refusal to bow to injustice. 'Violence and intimidation couldn't deter his spirit towards national development. His efforts as a teacher and social worker are also commendable,' the Prime Minister wrote on X. However, Joseph C. Mathew, a state-based political analyst, said: 'I don't think it's going to help the BJP in any way. They may try to create a parallel history and ideological base. They might have been victims of violence, but it was a local tussle and not for a larger cause,' Mathew said. Appeal for enhanced punishment turned down In 2014, Sadanandan approached the Kerala HC asking that the punishment for his attackers be increased, but the court turned it down in January this year, saying such an appeal could only be made by the state government. 'In light of the gravity of the offence committed, the sentence of seven years appears to be very light. However, the State, for reasons best known to them, has not filed an appeal,' the Kerala High Court observed while dismissing his appeal. However, the court enhanced the compensation payable by the eight convicted men from Rs 25,000 to Rs 50,000 each. Pronouncing the verdict, the Kerala High Court said the accused as well as the Marxist party workers were maintaining a hostile attitude towards Sadanandan since he left the party. Quoting the trial court's judgment, the High Court noted that Sadanandan, 'a charismatic and efficient leader, was making his mark in the locality, and his efforts helped in spreading and strengthening the roots of his party in the area,' which the rival party could not accept. Of the accused, some had previously worked closely with Sadanandan in the party. The Principal Assistant Sessions Judge, Thalassery, sentenced the convicted to seven years rigorous imprisonment and a fine of Rs 25,000. Though the convicted men approached the court challenging the verdict, their appeal was dismissed in 2013. The accused were found guilty under the charges of IPC section 143 (unlawful assembly), 147 (rioting), 342 (wrongful confinement), 326 (grievous hurt with dangerous weapons), and 307 (attempt to murder). 'The attack seems to have been premeditated and well planned. As noticed earlier and at the risk of repetition, it needs to be noted that not only had A1 to A8 hacked PW1 (Sadanandan) repeatedly leading to both his legs being severed, they also made sure that nobody approached PW1 to rescue/save him. This makes the offences all the more grave/severe,' the court observed. Attack and counter-attack Incidentally, Sadanandan's attack was followed by the murder of an SFI worker named K.V. Sudheesh in Kannur the same year. 'If I hadn't lost my legs, Sudheesh would not have died, that's the analysis. If you ask me if it's right, it's not when we think about humanity. But it was a normal reaction from the workers when they saw their district leader had been amputated. That might be the emotion behind Sudheesh's death,' Sadanandan later said in an interview given to local Malayalam TV channel Asianet News. As per court documents, one Janardhanan, a CPI(M) worker, was also attacked at Mattannur shortly after the attack, in which Sadanandan himself was an accused. As per the National Crime Records Bureau (NCRB) data, Kerala reported 42 political murders between 2016 and 2022. Of the total, 15 happened in 2016. Nationwide, this was the third highest after Jharkhand (92) and Bihar (85). (Edited by Viny Mishra) Also read: 26/11 prosecutor, ex-foreign secretary & Kerala poll violence victim: Stories of 4 Rajya Sabha nominees
