2008 (3) TMI 299

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..... ustment under section 155 is made without notice to the petitioner and, therefore, adjustment is not binding on the petitioner, is not acceptable - 7467 of 1999(L) - - - Dated:- 14-3-2008 - C. N. RAMACHANDRAN NAIR J. K. M. V. Pandalai and Smt. Hemalatha for the petitioner P. K. R. Menon and George K. George for the respondent JUDGMENT Heard counsel for the petitioner and senior s .....

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..... dent from the exhibit P3 proceedings. The petitioner's counsel contended that adjustment under section 155 is made without notice to the petitioner and, therefore, adjustment is not binding on the petitioner. However, it is seen that against the exhibit P2 demand for 1982-83 wherein demand of tax alone was Rs.7,27,925, the petitioner discharged the liability after reckoning the adjustment made vid .....

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