TMI Blog2023 (1) TMI 727X X X X Extracts X X X X X X X X Extracts X X X X ..... concerned, this Court is informed that rectification orders under Section 154 of the Act have already been passed and the said prayer does not survive. Petitioners states that petitioner no.1 continues to be aggrieved as the income tax portal reflects an outstanding demand of ₹1,24,97,631/-. He states that petitioner no.1 is unaware as to how the said amount has been computed. This Court considers it apposite to dispose of the present petition by issuing the following directions:- (a) respondent no.1 shall communicate the computation of the amount of the tax demand which is reflected as outstanding against petitioner no.1 within a period of two weeks from date; and (b) respondent no.1 shall consider whether it is feasible ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w Respondent No.1 to give credit to the Petitioners of TDS/TCS appearing in the Form 26AS of the Erstwhile Transferor Company in terms of Section 199 of the Act r/w Rule 37BA(2)(i) of the Income Tax Rules, 1962; and/or 4. The National Company Law Tribunal, New Delhi passed an order dated 24.11.2017 in Company Petition No. 26/2016, thereby, approving a scheme of arrangement between four companies including the three petitioners. The specified undertakings of the companies were demerged in the three petitioners and the residual Transferor Company was amalgamated with petitioner no.1. It is stated that the order sanctioning the scheme of arrangement was filed with the Registrar of Companies on 20.11.2017. 5. The grievance of the petiti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arrangement or demerger. 8. Insofar as the petitioners prayer for rectification of the order is concerned, this Court is informed that rectification orders under Section 154 of the Act have already been passed and the said prayer does not survive. 9. The learned counsel for the petitioners states that petitioner no.1 continues to be aggrieved as the income tax portal reflects an outstanding demand of ₹1,24,97,631/-. He states that petitioner no.1 is unaware as to how the said amount has been computed. 10. In view of the above, this Court considers it apposite to dispose of the present petition by issuing the following directions:- (a) respondent no.1 shall communicate the computation of the amount of the tax demand whic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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