2009 (3) TMI 550

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....rney-General of India (Aarohi Bhalla, Manoj Kumar Dwivedi, Prateek Dwivedi and Gunnam Venkateswara Rao, Advocates, with them) for the respondents.   Soli J. Sorabjee and M.L. Verma, Senior Advocates (R.K. Sanghi, N.M. Sharma, Arvind Rajput, Ms. Shuriti Rao and Anil Kumar Tandale, Advocates, with them) for the appellant.   --------------------------------------------------   ....

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.... are directing the assessing officer not to impose penalty/interest, in the reassessment proceedings as a one-time waiver. Needless to add that waiver of penalty and interest shall be admissible only on form F being furnished by the assessee within the prescribed period. The appellant has deposited a sum of Rs. 1,00,00,000 (one crore) on December 27, 2008, under protest vide letter of even date....