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2025 (2) TMI 350

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..... order insofar as the amount of tax demanded in the impugned order is in excess of the amount which was specified in notice under DRC 01 - HELD THAT:- In view of the peculiar facts, it was suggested that Rs. 2 crores may be paid and the matters be remanded back for a fresh consideration, which was agreed to by both the learned counsel for the petitioner as well as for the respondents. The matters .....

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..... r insofar as the amount of tax demanded in the impugned order is in excess of the amount which was specified in notice under DRC 01. 2. It is submitted by the learned counsel for the petitioner that the taxes demanded in DRC 01 was Rs. 54.50 Crores which was arrived at on the basis of more than 25 issues. In response the petitioner had submitted its reply to each of the above issues, which was co .....

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..... peculiar facts, it was suggested that Rs. 2 crores may be paid and the matters be remanded back for a fresh consideration, which was agreed to by both the learned counsel for the petitioner as well as for the respondents. 5. In view thereof the matters are remanded back to the assessing officer for a de novo consideration subject to the condition the petitioner pays the amount of Rs. 2 Crores wi .....

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