2013 (4) TMI 453

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....ent : Mr. Bishwajit Bhattacharyya, Senior Advocate assisted by Mr. P.R. Mullick, Advocate. ORDER According to respondent State Bank of India, ONGC deposited with it certain amount of money as and by way of Site Restoration Fund covered by Section 33ABA of the Income Tax Act, 1961. No doubt, State Bank of India credited interest accrued on such deposit in the selfsame Account, where the depos....

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.... at source and, thereupon, to deposit the same with the Revenue. It is the contention of State Bank of India that upon totally ignoring the contentions raised by State Bank of India, the Assessing Authority has inappropriately assessed tax liability of State Bank of India for not deducting tax at source and for its alleged failure to deposit the same with the Revenue. It is its contention that an ....

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....h the Writ Court, where while it undertook to prefer an Appeal against the assessment order or Appeals against the assessment orders, it wanted breathing time of at least for 30 days so as to take appropriate steps for obtaining a stay in the Appeal. 2. While the writ petition was dealt with, instead of going into the question, whether a prima facie case had been made out by State Bank of India....