JAYA VERDICT ERROR

JAYA VERDICT ERROR
CLICK here for SC verdict on SASIKALA and others

LOGIC ERROR NO.2











ANOTHER NOTE WORTHY AND VITAL ERROR : LOGIC ERROR No.2
PLEASE READ LINE BY LINE THE FOLLOWING Page /para TO UNDERSTAND CORRECTLY ON THIS ERROR>

 of Kumaarasaamy verdict is calculating the "LOAN INCOME" The Judge accepted only the bank Loans received by the Jaya and Sasi co and their firms and companies. But he accepted this LOANS which are given by only Indian Nationalised banks.But the error in LOGICAL part is he had taken this LOAN INCOME head for calculating the Income of accused parties.
First of all considering the loan amount as income is mistake , secondly if a common man apply loan from banks they will ask lot surity and guarantor, without that getting loan is impossible , so if someone have Power they can misuse their power to get loans from banks , thirdly banks provide loan for valid reasons , will banks provide loans to invest in real estates ? If so y not to common man ????? . if someone files PIL in supreme court for this issue the case would last for years.

   And next final thing , if loan is considered as a source of income what about the repayment . did they cheated banks ?
YES TAXABLE INCOME ONLY SHALL BE TAKEN INTO ACCOUNT. DEFINITELY LOAN IS TO BE CONSIDERED AS “CASH OUT FLOW”head in the BALANCE SHEET not as “INCOME” ,BECAUSE THIS LOAN IS A REPAYABLE ITEM NOT A REVENUE ITEM. SUPREME COURT WILL DEFINITELY CONSIDER THIS MATTER VERY SERIOUSLY .

The case filed by CBI regarding Jayalalitha illegally receiving gifts is pending in the Supreme Court. Declaring Jayalalithaa’s illegal gift receipts as income and legitimizing this at this time would set a wrong precedence. It will create a situation where a minister or government servant can do any amount of corruption and declare assets possessed disproportionate to their income as gifts to escape from conviction. Justice Kumarasamy’s judgement has ignored the direction of the Supreme Court that the judgement should take into account that corruption is the biggest evil in the country. Conversely the verdict given by Justice Kumarasmy appears to encourage corruption. Justice Kumarasamy had cited the fact that Jayalalitha and her associates had disclosed their assets to the income tax department and the department had accepted their submissions and quoted this as one justification for their acquittal. But the Honourable Judge had overlooked the facts that Jayalalitha filed her tax returns only after the Disproportionate Assets case was filed and that the decisions of the Income Tax department need not be given significance by the courts.

  If Companies opened for genuine purpose then no mistake . But the main motive was just to launder their dirty money to clean it via BANK LOAN and channelize the money stream into their immovable assets. Can anyone tell What was the real business activities of the 24 firms and 8 companies.? Can any body tell this .? No business carried on during check in period instead they only transact the bank accounts by just cleaning the unaccounted money between one and among them using their Bank accounts . No business carried out even in the check in period 1991-96.
 TAMIL VERSION

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