9911796707
TMI Blog2024 (7) TMI 228X X X X Extracts X X X X X X X X Extracts X X X X ..... 024 (7) TMI 228 - MADRAS HIGH COURT - TMI X X X X Extracts X X X X X X X X Extracts X X X X ..... of about Rs. 50 crore. The first rectification petition was filed on 05.06.2024 and the second on 20.06.2024. The rectifications were filed in respect of interest payments made to the University of Madras, CMDA, educational institutions and the like. He submits that relevant certificates have been submitted in respect of most of these entities. He seeks expeditious disposal of these rectification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he rectification petitions have been placed on record. On examining the same, it appears that interest payments to Government entities form the subject of those rectification petitions, and the said petitions cover the tax demand to an extent of about Rs. 50 crore. All the impugned orders under Section 201/201(1A) were issued after the petitioner was heard. In these circumstances, it is appropriat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Income Tax Act. Subject to the remittance of the said amount, the orders under Sections 201/201(1A) shall be stayed until disposal of statutory appeals to be filed by the petitioner. (ii) Such statutory appeals shall be presented by the petitioner within ten days from the date of receipt of a copy of this order and the appellate authority is directed to receive and dispose of the same on mer ..... X X X X Extracts X X X X X X X X Extracts X X X X
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