2016 (6) TMI 56 - SCH - Income Tax

Application for issue of Notification under Section 80IA4(iii) rejected - Held that - HC order 2015 (3) TMI 367 - BOMBAY HIGH COURT confirmed where in the writ petition was dismissed on the ground that, Inconsistencies in data and manipulation of information does not lead to evidences on the basis of which the application deserves approval.Despite giving many opportunities and substantial time for compliance, satisfactory explanation has not been filed. It has thus not been found to be a fit case for notification u/s. 80IA(4)(iii) of the Act. Hence, the competent authority has decided to reject the application. Stay rejected - Decided against assessee.

Summary

Title: Supreme Court of India - 2016 (6) TMI 56 - SC Order

Judges: Mr. Anil R. Dave and Adarsh Kumar Goel

Petitioner's Lawyers: Mr. Amar Dave, Mr. Mahesh Agarwal, Mr. Ankur Saigal, Mr. Rishabh Parikh, Mr. Rajesh Kumar, Mr. E.C. Agrawala

Respondent's Lawyers: Mr. N.K. Kaul, Mr. Jaideep Gupta, Mr. Tara Chandra Sharma, Mr. Bimal Roy Jad, Mr. Samar Singh, Mrs. Anil Katiyar

Decision: Petition dismissed, no merit found. Pending application disposed of.