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M/s Winner Dairy (P) Ltd. Versus The Deputy Commissioner of Income Tax

2015 (6) TMI 325 - MADRAS HIGH COURT

Stay of demand - penalty proceeding will be initiated under Section 221 - 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 - Held that:- Though the petit .....

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nce 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 liberty to file statutory appeal and move for appropriate orde .....

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e Tax ORDER By consent, these writ petitions are taken up for final disposal. 2. It is the case of the petitioner that on 31.03.2015, an assessment order came to be passed by the respondent assessing total income of ₹ 5,03,40,700/- and after ad .....

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der 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/- .....

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as got 30 days to prefer an appeal, which expires on 04.05.2015 and without allowing the petitioner to exhaust the appeal remedy and getting interim orders, coercive steps are taken and therefore, came forward to file W.P.No.10048/2015 3. In pursuant .....

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incorrect particulars and therefore, called upon the petitioner to appear before him on 30.04.2015 at 11.30 a.m. Challenging the said notice, the petitioner has filed W.P.No.10049/2015. 4. Mr. T. V. Ramanujan, learned Senior Counsel appearing for the .....

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