Vodafone South Ltd. (Formerly known as Vodafone South Essar Ltd.) v. Deputy Director of Income-tax & Anr
[Citation -2015-LL-0616-8]
Citation | 2015-LL-0616-8 |
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Appellant Name | Vodafone South Ltd. (Formerly known as Vodafone South Essar Ltd.) |
Respondent Name | Deputy Director of Income-tax & Anr. |
Court | SUPREME COURT |
Relevant Act | Income-tax |
Date of Order | 16/06/2015 |
Judgment | View Judgment |
Keyword Tags | bank guarantee |
Bot Summary: | The High Court by impugned order dated 11 th June, 2015 has vacated the earlier ex parte interim order passed by it in ITA Nos. 160, 161, 162, 163 and 164 of 2015 on 25th April, 2015 and fixed the appeals for final hearing in the second week of July, 2015. The interim relief granted on 25th April, 2015 had directed the petitioner herein to deposit Rs. 75 Crores with the Tribunal and furnish bank guarantee for the remaining amount which the petitioner has done. After the vacation of the interim order dated 25th April, 2015, the Revenue is now taking steps to realise the entire amount which is subject matter of the appeals. As the hearing of the appeals is fixed in the second week of July, 2015, we deem it fit and proper to dispose of these Special Leave Petitions at this stage itself with a slight modification of the impugned order dated 11th June, 2015 and permit the respondent-Revenue herein to withdraw the said amount i.e., Rs. 75 Crores deposited by the PAGE NO. 2 OF 3 SLP(C) NO. 16874-16878 of 2015 petitioner pursuant to order dated 25th April, 2015 the bank guarantee furnished by the petitioner shall not be encashed by the respondent-Revenue till the final disposal of the appeals and shall be kept alive. We request the High Court to decide the aforesaid appeals in the second week of July, 2015 as already fixed for hearing. It is with these directions and observations, the Special Leave Petitions stand disposed of. |