2012 (6) TMI 381

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....nnexure-M. A direction is also sought against the recovery of the demand made by the 3rd respondent pursuant to the notice dated 15.3.2012 issued under Section 226(3) of the Income Tax Act (for short, 'the Act'). Petitioner is also seeking a direction against the Income Tax Appellate Tribunal to dispose of the appeal pending before it which involves challenge to the withdrawal of registration under Section 12A of the Act. Similar direction is sought against the CIT (Appeals) to dispose the appeal filed against the order passed under Section 143(3) of the Act. 2. The main question that falls for consideration in the matter pending before the CIT (Appeals) is with regard to the interpretation and understanding of the proviso to Section 2(1....

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....eaded by the petitioner, particularly keeping in mind the nature of service it discharges as a State Government undertaking, learned Senior Counsel representing the revenue has mad available a copy of the reply dated 27.3.2012 addressed by the Additional Director of Income Tax - the 1st respondent herein to the Managing Director of the KSRTC making it clear that the financial difficulties expressed by the petitioner had been taken into consideration and the petitioner had to atleast pay a sum of rupees five crores by 30.3.2012 over and above the amount already collected during attachment of accounts and that the petitioner shall continue to pay installment of rupees one crore per month from April, 2012 payable by 15th of each month and that....