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TMI Blog2019 (12) TMI 1316X X X X Extracts X X X X X X X X Extracts X X X X ..... otra and Mr.Swapnil Tripathi, Advs. Respondents Through: Ms. Sunny Shangloo, Govt. Pleader with Mr. Shubham Gandhi, Adv. Mr. Ruchir Bhatia, Sr. Standing counsel for Income Tax with Ms. Madhura Chandra and Mr.Shlok Chandra, Jr. Standing counsels. Ms. Shiva Lakshmi, CGSC. O R D E R CM APPL. 54402/2019 in W.P.(C) 13401/2019 & CM APPL. 54409/2019 in W.P.(C) 13405/2019 (exemptions) 1. Exempt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e assessment proceedings. He, however, expresses an apprehension that the AO would feel bound by the prima facie findings returned by the Authority for Advance Ruling in relation to the alleged tax avoidance. 5. We make it clear that on a reading of the impugned order passed by the said authority, it is evident that the said findings are only prima facie, which means, that they are not final and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax deducted and paid by the purchaser of the shares in the year 2011. He, therefore, submits that the assessment proceedings may be expedited. 8. Mr. Bhatia, Sr. standing counsel who appears on advance notice states that assessment gets time barred on 31st December, 2020. In view of the aforesaid, we hope and expect that the AO would expedite the assessment proceedings and would pass the assessme ..... X X X X Extracts X X X X X X X X Extracts X X X X
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