https://www.taxtmi.com/caselaws?id=288314 A notice issued under Section 179 of the Income-tax Act against a connected party did not result in interim restraint, as the party was left to pursue the statutory remedy before the income-tax authorities. The Court noted that an earlier appeal had been dismissed for non-prosecution and that restoration proceedings were pending, but no conclusive adjudication on the merits of the notice was recorded. It was also clarified that any representation made on behalf of the company would not determine the rights or contentions of any party before the Court or the National Company Law Tribunal. en-us Tue, 24 Oct 2017 00:00:00 +0530 Sun, 31 May 2020 04:22:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288314 A notice issued under Section 179 of the Income-tax Act against a connected party did not result in interim restraint, as the party was left to pursue the statutory remedy before the income-tax authorities. The Court noted that an earlier appeal had been dismissed for non-prosecution and that restoration proceedings were pending, but no conclusive adjudication on the merits of the notice was recorded. It was also clarified that any representation made on behalf of the company would not determine the rights or contentions of any party before the Court or the National Company Law Tribunal. Case-Laws Income Tax Tue, 24 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288314