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2019 (10) TMI 932 - SCH - Income TaxExtraordinary and discretionary jurisdiction of High Court - maintainability of appeal - Single Judge directing the appellant to exhaust the statutory remedy - whether the appeal requires to be decided on merit or not? - Section 115-O invoked unilaterally and without adjudication by treating the transactions as that of dividend, which would not come within the purview of Section 2(22)(d) - HELD THAT:- As a sum of ₹ 2806,40,15,294/- stands deposited and invested in the form of fixed deposit receipts. Mr. Zoheb Hossain, learned Advocate appearing for the Department prays for and is granted two weeks’ time to put in affidavit in reply. Rejoinder, if any, be filed within a week thereafter. Considering the facts and circumstances on record, we deem it appropriate to list the matter for final disposal on 14.11.2019.
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