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TMI Blog2021 (10) TMI 1315X X X X Extracts X X X X X X X X Extracts X X X X ..... OPARKAR FOR THE PETITIONER MRS MAUNA M BHATTFOR THE RESPONDENT ORAL ORDER (PER : HONOURABLE MS. JUSTICE SONIA GOKANI) 1. Pursuant to the order passed by this Court on 12.10.2021, both the sides have been heard today. 2. Learned Senior Advocate Mr. Bhatt has urged that necessary instructions which have been sought by him have not come. The request has been made to the National Faceless Cen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Mr. Bhatt, as the addition is huge and also the penalty amount runs into crores of rupees, there should be a balance struck by the Court while acceding to the request and staying the same. He has urged that let an undertaking be filed by the petitioner and a specified portion be also earmarked from the property so that the recovery eventually may not be difficult for the Revenue. He is hopeful to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.04.2022, with the amount of maturity of Rs. 31,75,59,697/- in the Kotak Mahindra Bank Ltd., Auda Garden, Ahmedabad, having Bank Account No.5612118006, MICR Code: 380485016, IFSC CODE: KKBK0002560, are being furnished as security, the details of which are as under:- Sr. No Deposit No. Deposit Date Deposit Period Maturity Date Interest Rate (p.a.) Deposit Amount (Rs.) Maturity Amount (Rs.) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ease of FDRs till further order of the Court.
10. There shall be stay of demand of addition made in the assessment order impugned and the demand of penalty till the next adjourned date.
11. Other and further order with regard to the additional security for protecting the interest of the Revenue shall be passed on 25.10.2021 after hearing both the sides. X X X X Extracts X X X X X X X X Extracts X X X X
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