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Tuesday, April 20, 1999 |
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HC directive to Jaya on appraisal of jewels CHENNAI, April 19 (UNI) The Madras High Court today directed former Tamil Nadu Chief Minister J. Jayalalitha and her close aide Sasikala to file a fresh petition seeking to permit an authorised valuer under the Wealth Tax Act to appraise their jewels and other valuables seized and kept in the Reserve Bank of India in connection with the Rs 66.65 crore disproportionate wealth case, to enable them to file their wealth tax returns. They sought the permission following the refusal of the Wealth Tax Department to accept the valuation certificate given by the Customs Appraiser. Mr Justice B. Akbar Basha Kadri passed the order on the revision petitions filed by Ms Jayalalitha and Sasikala, against the order of Special Judge S. Sambandam, dismissing their petitions. It may be recalled that during the course of investigation, the Directorate of Vigilance and Anti-Corruption, which is probing the case, searched the residence of Ms Jayalalitha and seized gold jewels and silver articles and kept them in the safe custody of the RBI. On behalf of the DVAC, it was submitted that the Customs Department Appraiser had valued the jewels twice. The petitioners could file their returns based on the valuation done by the Customs Appraiser. As the jewels were in the RBI, the revaluation may cause administrative problems, inconvenience and expenditure. The judge said the Special Judge had not passed any adverse order against the petitioners, he merely directed them to submit their wealth tax returns based on the valuation done by the Customs Appraiser and in the event of the wealth tax authority refusing to accept the same, then they could approach him for appraisal of the jewels by an appraiser approved by the Wealth Tax Department. The petitioners had
stated that the department was refusing to accept the
valuation certificate given by the Customs Appraiser.
Hence, they were directed to approach the trial court for
further remedy. In that event, the trial court would
dispose of the petitions in 10 days, the judge added. |
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