2014 (7) TMI 999

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..... For the Petitioner : Mr. Suresh Kumar For the Respondent : Mr. J. D. Mistry, A. K. Jasani ORDER P. C. When these matters were called out, one of us (Justice B. P. Colabawalla), indicated to both the Assessee and Revenue that he holds shares of Assessee M/s. Larsen and Toubro Ltd, but both the sides fairly stated that the matter may not be removed from our Board. There is no need f....

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....ons and in the case of Commissioner of Income Tax v/s Reliance Petroproducts Pvt Ltd reported in 322 ITR 158 (SC). The penalty has been therefore rightly deleted. 5. Such a finding essentially based on the facts and circumstances peculiar to the assessee, does not raise any substantial question of law. We are surprised if not shocked that such appeals are being brought before us and precious ju....

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....g in a hearing, may be brief and an order of this Court dismissing them. Some times there are at least 35 such cases on our daily board. We do not understand why higher officials do not have the courage to take bold decisions particularly of not pursuing such matters upto this court or higher. Because the Assessee is a leading Public Limited Company should not act as a deterrent for them to take a....

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.... has failed to act for public good and in Public Interest. The State is expected to act as a Model Litigant. It must set an example for the Public to follow and we hope that this order acts as a reminder for all concerned to atleast now take remedial steps and measures. It is therefore that despite the persuasive skills of Mr.Sureshkumar, who fervently pleaded not to pass any order imposing costs,....