1 IN SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NOS.4557-4558/2017 [@ SLP (C) NOS.9022-9023/2017] MAHARASHTRA INDUSTRIAL DEVELOPMENT CORPORATION Appellant VERSUS COMMISSIONER OF INCOME TAX (EXEMPTIONS) AND ORS Respondents ORDER Leave granted. Mrs. Anil Katiyar appears on behalf of respondents and waives service of notice. These appeals have been filed by Writ Petitioner (Assessee) challenging order dated 8th March, 2017 passed by High Court of Judicature at Bombay whereby petition filed by Writ Petitioner has been dismissed. Commissioner of Income Tax (Appeals) vide order dated 28.10.2016 rejected stay applications and directed appellant to deposit 15 per cent of total tax demand for assessment years 2007-08, 2008-09, 2009-10, 2010-11 and 2012-13 in four installments. Being aggrieved, appellant filed Writ Petitions before Bombay High Court which were dismissed by impugned order. Signature Not Verified Digitally signed by ASHA SUNDRIYAL Date: 2017.03.28 16:04:36 IST Reason: Mr. Mukul Rohatgi, learned Attorney General has brought to our notice fact that appellant which is statutory corporation has deposit of about Rs.1,000 crores in 2 banks as fixed term deposits. Mr. Arvind Datar, learned Senior Counsel appearing for appellant made statement that amount lying in appellant's seven current bank accounts has been attached on 22nd and 23rd March, 2017 and amount which has been invested in fixed deposits belongs to State Government. We have heard learned Senior Counsels appearing for parties and perused impugned order passed by High Court. Without going into merits of matter, as same is pending before Commissioner of Income Tax (Appeals) in appeal filed by appellant, we consider it proper and in interest of justice to dispose of these appeals with following directions: (1) CIT (Appeals) is directed to decide pending appeals filed by appellant herein within one month from date of production of copy of this order, in accordance with law, without granting unnecessary adjournments; (2) Income Tax Department (respondent herein) is directed to withdraw amount of Rs.400/- crores approximately already attached by respondent; (3) term deposit of Rs.1000 crores approximately which has been invested by appellant shall be kept by appellant in form of security in favour of respondents in relation to disputed amount in question till disposal of appeal by CIT (Appeals); (4) respondent (Income Tax Department) shall not attach any other accounts of appellant or take coercive steps during pendency of appeal before CIT (Appeals). 3 With aforesaid directions, Civil Appeals are disposed of. J. [R.K. AGRAWAL] J. [ABHAY MANOHAR SAPRE] NEW DELHI; MARCH 24, 2017. 4 ITEM NO.60 COURT NO.10 SECTION IIIA SUPREME COURT OF INDIA RECORD OF PROCEEDINGS Petitions for Special Leave to Appeal (C) Nos.9022-9023/2017 (Arising out of impugned final judgment and order dated 08/03/2017 in WP No.81/2017 and WP No.82/2017 passed by High Court Of Bombay) MAHARASHTRA INDUSTRIAL DEVELOPMENT CORPORATION Petitioner(s) VERSUS COMMISSIONER OF INCOME TAX (EXEMPTIONS) AND ORS Respondent(s) (with appln. (s) for exemption from filing c/c of impugned judgment and permission to bring out addl.facts and raising grounds and for filing addl. doc.) Date : 24/03/2017 These petitions were called on for hearing today. CORAM : HON'BLE MR. JUSTICE R.K. AGRAWAL HON'BLE MR. JUSTICE ABHAY MANOHAR SAPRE For Petitioner(s) Mr. Arvind Datar, Sr. Adv. Mr. Amitabh Sharma, Adv. Mr. Nand Kishore, Adv. Ms. Amrita Narayan, Adv. Ms. Anshul Verma, Adv. Ms. Rashi Sureka, Adv. Mr. Sakya Singha Chaudhuri,Adv. For Respondent(s) Mr. Mukul Rohtagi, AG Mr. P.S. Narsimha, ASG Ms. Vibha Datta Makhija, Adv. Mr. Arijit Prasad, Adv. Mr. Rupesh Kumar, Adv. Ms. Disha Vaish, Adv. Ms. Anisha Mathur, Adv. Mrs. Anil Katiyar, Adv. UPON hearing counsel Court made following ORDER Leave granted. Civil Appeals are disposed of in terms of signed order. (ASHA SUNDRIYAL) (CHANDER BALA) COURT MASTER COURT MASTER (Signed order is placed on file) Maharashtra Industrial Development Corporation v. Commissioner of Income-tax (Exemptions) And Or