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TMI Blog2021 (1) TMI 363X X X X Extracts X X X X X X X X Extracts X X X X ..... - MADRAS HIGH COURT - TMI - Recovery proceedings - notices under Section 226(3) was issued to its banker, viz., Axis Bank Limited, the Petitioner - HELD THAT:- As brought to notice that after the filing of the Writ Petition, assessment of liability for income tax of M/s. Stylog Infrastructure Private Limited has been set aside by Income Tax Tribunal and the matter had been remitted for fresh d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed:- 11-11-2020 - THE HON'BLE MR. JUSTICE P.D. AUDIKESAVALU For Petitioner: Mr. R. Sivaraman For Respondent: Mr. A.P. Srinivas Standing Counsel, Mr. Noyal James for Mr. V.V. Sivakumar (Vice-Versa) COMMON ORDER Heard Mr. R.Sivaraman, Learned Counsel for the Petitioner in W.P. Nos. 41087 and 41088 of 2015 and Second Respondent in W.P. No. 6293 of 2016, Mr. Noyal James, Learn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... notice dated 26.06.2015 under Section 226(3) of the Act was issued to M/s. Akshaya Infrastructure Private Limited, the Petitioner in W.P. Nos. 41087 and 41088 of 2015 to pay forthwith any amount due to the said Company or held for or on account of that assess upto the amount of the arrears. Inasmuch as the Petitioner in W.P. Nos. 41087 and 41088 of 2015 had not complied with that demand made, it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iled appeal before the Commissioner of Income Tax (Appeal) on 20.10.2020, which is pending. 4. In view of the subsequent events after the filing of the Writ Petition, the impugned orders raising demand for payment from Petitioners based upon the assessment orders of M/s. Stylog Infrastructure Private Limited cannot survive and accordingly, the same are set aside. However, this would not preclud ..... X X X X Extracts X X X X X X X X Extracts X X X X
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