2023 (1) TMI 1126

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..... pai, Ms Ananya Kapoor & Mr Akshay Anurag, Advs. For the Respondent : Mr Sanjay Kumar & Ms Easha Kadian, Advs. [Physical Hearing/Hybrid Hearing (as per request)] RAJIV SHAKDHER, J.: (ORAL) CM No.55910/2022 1. Allowed, subject to just exceptions. W.P.(C) 17524/2022 & CM Appl.55909/2022[Application filed on behalf of petitioner seeking interim relief] 2. Issue notice. 2.1 Mr Sanjay Kumar acce .....

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..... ord, as presently made available to the court. 5.1 The record reveals that the petitioner was in employment of Vodafone Idea Ltd. till February 2021. 5.2 In and about August 2018, Vodafone Idea Ltd., (earlier known as Idea Cellular Ltd.) according to the petitioner, merged with Vodafone India Ltd. 5.3. The petitioner claims that he received stock options from the parent company i.e., Vodafone G .....

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..... 022/-) as disclosed in the return, was Rs 1,78,67,352/-, 9. Thus in sum, it is contended by Mr Kapoor on behalf of the petitioner, that there was no undisclosed foreign income or assets and therefore, the provisions of the 2015 Act have been wrongly triggered. 10. We may also note that this inquiry vis-à-vis the petitioner, as per the record which is made available to us, has been going o .....

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..... 4. The impugned show cause notice, as indicated above, was issued on 12.09.2022. A reply to the same has been filed, which is dated 07.10.2022. 15.  Therefore, given the fact that the matter is at the stage of show cause notice, we are of the view that the best way forward would be to direct the concerned statutory authority to adjudicate the impugned show cause notice. 16. Accordingly, the .....

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..... y will, specifically, deal with the issue raised before the court, which is that it has no jurisdiction in the matter, as there is no income or asset which the petitioner had not disclosed. (vi) In case the order so passed in the matter is adverse to the interest of the petitioner, the same shall not be given effect to for a period of eight weeks, which will commence from the date of receipt of .....

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