2018 (3) TMI 1857

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..... Respondent. ORDER After hearing both sides, I find that the appellant has merged with another Company in terms of Hon'ble Bombay High Court order. They applied for transfer of the amount lying unutilised in their PLA account. This request of the appellant was not entertained by the departmental officers and no order was passed on the said request. 2. Subsequently, appellant applied for re .....

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..... d that the amount in question is "duty waiting to be debited", this clearly shows that the same is not duty, in which case, the provision of Section 11B would not apply. Otherwise also I find that the PLA deposits are mere deposit for the purposes of their utilisation in the future and if the same is not in a position to be utilised, the depositor has to be held as owner of the said amount which i .....

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