Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Sociedade de Fomento Industrial Pvt. Ltd., Versus The Assistant Commissioner of Income-Tax, Circle -1 Goa.

2015 (5) TMI 1039 - BOMBAY HIGH COURT

Attachment of refund - Held that:- As the petitioner is furnishing a Bank Guarantee of a Nationalized Bank for an amount of ₹ 105,95,04,390/- to the satisfaction of the Commissioner of Income Tax, the respondents would vacate the attachment of the refund of ₹ 105,95,04,390/- done under Section 281B of the Act. The Bank Guarantee furnished by the petitioner will be kept alive till the final disposal of the reassessment notices for the Assessment year 2008-2009 to 2011-2012 and for eig .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

yekar, Advocates For the Respondents: Mrs. Asha Desai, Advocate ORAL JUDGMENT: (Per M. S. Sanklecha, J.) Rule. Returnable forthwith. 2. Mrs. Asha Desai, learned counsel for the Respondent/Revenue waives service. 3. At the request of the learned counsel the petition is taken up for final disposal. 4. All these three petitions assail three orders dated 19/12/2014 issued under Section 281B of the Income Tax Act, 1961. Th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d Mr. Pardiwalla, learned Senior Counsel for the petitioner at some length yesterday in respect of the above three petitions. The petitioner had made a grievance of the manner in which the respondent has dealt with the petitioner in these proceedings and particularly the fact that the Affidavits which were filed on 24/12/2014 in response of the petitioner s writ petition being Nos.679/2014 and 680/2014 seeking direction that the respondent gave effect to the order of the Tribunal. At .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

is justified in making a grievance with regard to the Respondents/Revenue's failure to disclose all facts in its affidavit filed on 24/12/2014. We expect the Respondents/Revenue to be fair in its dealing with the Assessee and also to this Court. This attitude is not expected of the State. At this stage except for making the aforesaid observations which we trust that the Revenue would bear in mind and ensure this does not happen in future, we let the matter rest for the present. 7. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version