2012 (5) TMI 28

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....R INCOME TAX   JUDGMENT   Heard the learned senior counsel for the petitioners and the learned Standing Counsel appearing for the respondents.   2. In W.P.(C).8681/2012 Ext.P1 series are the assessment orders issued under the Income Tax Act against the petitioner therein for the assessment years 2005-06, 2006-07 and 2007-08. Copy of the assessment orders are Ext.P1 series. Agains....

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....issued against the petitioner therein for the assessment years 2005-06, 2006-07 and 2007-08. Here again, Ext.P2 series of appeals have been filed and Ext.P3 series are the stay petitions. Appeals and stay petitoins are pending before the second respondent. Meanwhile, recovery proceedings have been initiated by Ext.P4 notice. It is in these circumstances, the writ petition is filed.   5. Lear....