TMI Blog2020 (1) TMI 1101X X X X Extracts X X X X X X X X Extracts X X X X ..... also open to the petitioner to file an application for stay along with the appeal in which event the same shall be considered by the appellate authority in accordance with law. - WRIT PETITION NO.261 OF 2020 - - - Dated:- 24-1-2020 - UJJAL BHUYAN MILIND N. JADHAV, JJ. Mr. J. D. Mistry, Senior Advocate a/w. Mr. Madhur Agarwal i/b. Mr. A. K. Jasani for Petitioner. Mr. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f alternative remedy which the petitioner has not availed. Therefore, he submits that petitioner may be relegated to the forum of alternative remedy. 5. Mr. Mistry has referred to the impugned assessment order dated 28.12.2019 and submits that a sum of ₹ 394,46,61,260.00 was added to the income of the assessee under Section 56(1) of the Act as benefit received on account of receipt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opportunity was granted to the petitioner. 7. After hearing learned counsel for the parties and on due consideration, Court is of the view that petitioner may file appeal under Section 246-A of the Act before the first appellate authority against the assessment order dated 28.12.2019 within a period of four weeks from today. It is also open to the petitioner to file an application for sta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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