2018 (11) TMI 275 - SCH - Income Tax

Stay of demand - payment of 20% of the demand made under Section 68 - Co-operative Banks claiming impecunious circumstances and the possibility of imminent close-down, if such huge amounts are directed to be paid - Held that - SLP dismissed.

Summary

The Supreme Court dismissed the Special Leave Petitions in the case. Justices Rohinton Fali Nariman and Navin Sinha presided over the judgment. Petitioner represented by Mr. Gopal Jain, Mr. Thomas Abraham, Mr. Lakshmeesh S. Kamath, and Mr. Soheb Rehman.