TMI Blog2015 (6) TMI 325X X X X Extracts X X X X X X X X Extracts X X X X ..... relief of quashing the impugned notices, this Court is of the view that it would be suffice to direct the respondent to keep in abeyance further proceeding in terms of the impugned notice till 04.05.2015. Hence these writ petitions are disposed of with a direction to the respondent to keep in abeyance further proceeding in terms of the impugned notice till 04.05.2015 and the petitioner is at l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... paid as per the Notice of Demand made under Section 156 of the Income Tax Act, 1961, failing which penalty proceeding will be initiated under Section 221 of the Income Tax Act, 1961. In terms of the notice under Section 156, the petitioner was directed to pay a sum of ₹ 1,82,20,010/- within fifteen days from the date of service of notice to the credit of Manager, authorized bank/State Bank o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has filed W.P.No.10049/2015. 4. Mr. T. V. Ramanujan, learned Senior Counsel appearing for the petitioner would submit that admittedly the petitioner is having time to prefer appeal within 04.05.2015 and therefore, fixing a short time of 15 days to pay the demand amount is per se unsustainable and would further submit that till the filing of the appeal, further proceedings may be deferred. 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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