2014 (10) TMI 266

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..... ed upon the petitioners, that they could realise that the proceedings had already been initiated, which according to the petitioners is without considering their objections and hence not correct or sustainable - The reliefs sought for is of limited nature, it is not necessary to deal with the merits of the case – revenue is directed to consider Ext.P14 representation and pass appropriate orders, a .....

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..... to a prospective purchaser. 2. In the course of survey conducted by the 6th respondent, various particulars were collected and proceedings were taken against the petitioners under different provisions of the Income Tax Act. Notice was also issued under Section 148 of the Income Tax Act on 08.03.2013 in respect of the assessment year 2007- 08, referring to the 'capital gain' accumulated. .....

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..... y could realise that the proceedings had already been initiated, which according to the petitioners is without considering their objections and hence not correct or sustainable. 4. The learned Counsel for the petitioners submits that, by virtue of the turn of events and other embarrassing circumstances, the petitioners have decided to seek for permission of the respondents for compounding the o .....

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