2008 (2) TMI 834

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.... is deemed to be just and proper in the facts and circumstances of the case. The petitioner is a State Government Enterprise, wholly owned subsidiary of the Punjab State Industrial Development Corporation. The petitioner-company was incorporated in October 1980 and is engaged in the business of developing, manufacturing and supplying mini micro computer systems for different applications. The company commenced its commercial production in the year 1983. Till the year 1990, the company was earning huge profits. However, with the entry of foreign MNCs, there was an adverse impact on the financial health of the petitioner-company which resulted in the petitioner's company suffering huge losses and in the financial year June 30, 1997, th....

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.... Excise and Taxation Officer, Mohali (respondent No. 3) vide his letter dated June 9, 2004 directed the petitionercompany to deposit the arrears of its tax liability in his office up to June 25, 2004. By way of this writ petition, the petitioner has approached this court challenging the said demand of tax by the respondent-authority on the ground that the order dated May 24, 2004 passed by the BIFR has been challenged by the employees of the petitioner-company before the AAIFR by filing an appeal and till such time the appeal filed by the employees of the petitioner-company is not decided, it is not open to the respondentauthorities to initiate proceedings to recover old arrears in view of section 22 of the SICA Act. It has been further ....