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Issues: Whether ad-interim protection should be granted against reliance upon and further steps pursuant to the impugned assessment order, demand notice and penalty notice for the relevant assessment year.
Outcome: Ad-interim relief was granted till 31st July 2024 restraining the respondents from relying upon or taking steps in furtherance of the impugned assessment order, demand notice and penalty notice. Reply and rejoinder directions were issued and the matter was stood over for further hearing.