Mayura Prime Estates Ltd. & Ors. v. Income-tax Settlement Commission & Ors
[Citation -2014-LL-1017-159]
| Citation | 2014-LL-1017-159 |
|---|---|
| Appellant Name | Mayura Prime Estates Ltd. & Ors. |
| Respondent Name | Income-tax Settlement Commission & Ors. |
| Court | SUPREME COURT |
| Relevant Act | Income-tax |
| Date of Order | 17/10/2014 |
| Judgment | View Judgment |
| Keyword Tags | financial hardship |
| Bot Summary: | The submission which has been made by the learned counsel for the appellants is that the appellants have to deposit 50 of the total amount demanded in the proceedings, which is not possible for them as all their assets have been attached at present by the Respondent-Department. The Appellants have approached this Court at an interlocutory stage. The interim order passed by the High Court, whereby they have been permitted to deposit 50 of the amount of tax, interest and penalty, has been confirmed by the Division Bench. Signature Not Verified Digitally signed by Sarita Purohit Date: 2014.10.29 16:11:47 IST Reason: 1 Looking at the peculiar facts of the case, we direct that if the appellants deposit a further sum of Rs.3 crores within one month from today with the Assessing Officer and proof thereof is shown to the learned Single Judge of the High Court, the learned Single Judge of the High Court shall entertain an application, which might be filed by the appellants showing his financial difficulties, so that the interim order dated 6.11.2013 passed in S.B. Civil Writ Petition No.15409 of 2013 can be modified. In view of the above order, the civil appeal is disposed of accordingly. UPON hearing the counsel the Court made the following ORDER Leave granted. The appeal is disposed of in terms of the signed order. |