TMI Blog2012 (4) TMI 490X X X X Extracts X X X X X X X X Extracts X X X X ..... r disposal of the appeal – Held that:- Petitioner is directed to deposit said sum within a period of 4 weeks from the date of receipt of a copy of this order. Thereon, third respondent shall hear and dispose of the appeal on merits within a period of four months. - W.P.No.6954 of 2012 - - - Dated:- 16-3-2012 - MR.JUSTICE M.JAICHANDREN, J. For Petitioner : Mr.R.Sivaraman For Respond ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the completed contract method, in respect of its construction business. For the assessment year 2009-2010, the petitioner had computed that 84% of its construction had been completed and therefore, had filed its return of income on that basis. 4. The balance construction had been completed in the following years and the income thereon had been included in the returns of the subsequent years ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs.1,94,19,150/-, including an amount of Rs.48,34,432/-, as interest. Such an assessment made by the first respondent, on the face of it, is arbitrary and illegal. Therefore, the petitioner had filed an appeal, on 27.1.2012, before the third respondent, challenging the order of assessment. The petitioner had also prayed for an order of stay of the demand raised by the first respondent, under Sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ned order, dated 5.3.2012, rejecting the stay petition. 7. At this stage of the hearing of the writ petition, the learned counsel appearing on behalf of the petitioner had submitted that the petitioner would pay a sum of Rs.40,00,000/-, to the first respondent, within the period specified by this Court. He had further prayed that, on such payment being made, the third respondent may be directe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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