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TMI Blog2020 (5) TMI 308X X X X Extracts X X X X X X X X Extracts X X X X ..... sel With Mrs Mauna M Bhatt ORAL ORDER PER : HONOURABLE MR.JUSTICE J.B.PARDIWALA 1. By this writ application under Article 226 of the Constitution of India, the writ applicant, a Company registered under the laws of Hong Kong and a wholly owned subsidiary of " The Priya Blue Industries Pvt. Ltd.", a Company incorporated and registered under the laws of India, has prayed for the following reliefs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erred to as 'the Act' for short) was undertaken in the Priya Blue group of Bhavnagar and connected entities on 19.11.2019. Later, the search action under Section 132 of the Act was carried out in the case of the writ applicant also on 9.12.2019. The respondent passed an order under Section 132 (9B) of the Act dated 10.12.2019, whereby, the Fixed Deposit Receipts (FDRs for short) of two Ban ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to be paid by way of tax, the department had to pass the impugned order of provisional attachment of the FDRs of the two banks referred to above. 4. Mr. Tushar Hemani, the learned senior counsel appearing for the writ applicant has put forward a suggestion to put an end to this litigation. According to Mr. Hemani, his suggestion or arrangement would protect the interest of both, the writ applica ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat it shall be open for the department to initiate fresh action also in future in accordance with law. 6. Having heard the learned counsel appearing for the parties and having considered the suggestions put forward by Mr. Hemani as well as by Mr. Manish Bhatt, learned Senior Counsel for respondent, we dispose of this writ application with the following directions : (i) The impugned order of pr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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