TMI Blog2012 (6) TMI 14X X X X Extracts X X X X X X X X Extracts X X X X ..... der because of the pendency of the appeal and the nature of challenge involved - Held that:- It is an undisputed fact that, out of the alleged total liability, 60% stands satisfied. That apart, the petitioner being a fully owned Government undertaking, the respondents need not be apprehensive of the possible chance of realisation of the amount if at all due from the hands of the petitioner, as and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tition because of the pendency of the appeal and the nature of challenge involved. 2. The petitioner is a fully owned Government of Kerala undertaking - a public limited company under Section 617 of the Companies Act 1946. The petitioner is doing 'some sort of monopoly business' in liquor trade in Kerala, as done by another entity as well. In respect of the assessment year 2009-10, the petitio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rit petition was disposed of, directing the second respondent/appellate authority to consider the I.A. for stay and to pass appropriate orders as specified. Pursuant to the said verdict, the matter was considered by the second respondent, who passed Ext.P6 order directing to satisfy yet another extent of 15% over and above the extent of 60% of the demand already satisfied,which according to the pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... its of the case. It is an undisputed fact that, out of the alleged total liability, 60% stands satisfied. That apart, the petitioner being a fully owned Government undertaking, the respondents need not be apprehensive of the possible chance of realisation of the amount if at all due from the hands of the petitioner, as and when the proceedings are finalized. In the above circumstances, the condi ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
