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2019 (6) TMI 1587

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..... 8377; 1 Crores has since been paid by the writ petitioner before 07.06.2019. Therefore, the interim stay granted pending appeal on the file of the second respondent is now operating. As revenue submits that it may be desirable to have the appeal heard out and disposed of expeditiously and requested that there be a direction in this regard. Writ petitioner, on instructions, submits that the .....

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..... ap, junior standing counsel (Income Tax) on behalf of the three respondents are before this Court. 2. With the consent of learned counsel on both sides, the main writ petition itself is taken up, heard out and is being disposed of. The entire matter turns on a very narrow compass. 3. The writ petitioner assessee, who is an individual, was assessed under Section 143(3) read with Section 153B( .....

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..... alikumaran, learned counsel for petitioner and Mr.A.P.Srinivas, learned Senior Standing Counsel for respondents. 2. Out of the disputed demand of ₹ 38 crores (approximately), the petitioner has admittedly, remitted a sum of ₹ 6 crores. The balance outstanding as per the proceedings of the Principal Commissioner of Income Tax dated 25.03.2019, is a sum of ₹ 3 crores. Mr. Mura .....

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..... erefore, the interim stay granted pending appeal on the file of the second respondent is now operating. 9. Learned counsel for revenue submits that it may be desirable to have the appeal heard out and disposed of expeditiously and requested that there be a direction in this regard. 10. Learned counsel for writ petitioner, on instructions, submits that the writ petitioner assessee would coope .....

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