TMI Blog2017 (10) TMI 486X X X X Extracts X X X X X X X X Extracts X X X X ..... ce the order of attachment of the bank account has already been lifted, he will instruct his client to file the return upto date within one week from today. After the return is filed by the petitioner upto the current period, within the time, the respondent shall issue a show cause notice to the petitioner and the authorised representative of the petitioner shall appear before the respondent, without seeking for any adjournment - petition dismissed. - W.P.No.10324 of 2017 & W.M.P.No.11258 of 2017 - - - Dated:- 20-7-2017 - T. S. Sivagnanam, J. For Petitioner : Mr.R.Munuswamy For Respondent : Mr.S.Kanmani Annamalai ORDER Heard Mr.R.Munuswamy, learned counsel for the petitioner and Mr.S.Kanmani Annamalai, learned Addit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... attachments were lifted, and this has been recorded by this Court while disposing of W.P.No.19639 of 2016. The Assessing Officer who was present in Court, was directed to clarify as to what is the reason behind the increase in the amount of ₹ 60,38,152/- to ₹ 98,34,537/-. 5. The Assessing Officer produced the original files and submitted that the petitioner had initially given a cheque for ₹ 30,00,000/- vide cheque dated 29.03.2017, bearing cheque No.310873, drawn on Axis Bank Ltd in favour of the respondent towards the tax arrears. However, the cheque was presented with the State Bank of India, Sriperumbadur branch and it was returned for insufficient funds along with memo dated 30.03.2017. Owing to the return of the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the taxes. However, such an attachment took place only in April 2017, and that can hardly be a reason for approving the conduct of the petitioner for the earlier period. The petitioner being a company, which has invested in India and part of a Korean Group should show utmost respect to the laws of India and comply with the provisions strictly and that is the ethical way of doing business in a foreign country, especially when, the State of Tamil Nadu has welcomed such foreign investment and provided all facilities to companies like the petitioner and in particularly for large number of companies, who are of Korean origin. 9. The impugned notice thus being explained to be demands pursuant to the assessment made on the petitioner based on ..... X X X X Extracts X X X X X X X X Extracts X X X X
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