2015 (5) TMI 933

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....petitioner and Sri K.V.Aravind, Learned Panel Counsel who has accepted notice on behalf of respondents. By consent, these writ petitions are taken up for final disposal. Perused the case papers. 2. Petitioner is seeking for quashing of the order dated 23.03.2015 (Annexure-S in both petitions) passed by third respondent and order dated 24.03.2015 (Annexure-T in both petitions) passed by first respondent. 3. For the assessment years 2013-14 and 2014-15, an order came to be passed by first respondent on 18.02.2015 under Section 201(1) and interest came to be levied under Section 201(1A) of the Income Tax Act, 1961 ('Act' for short) by treating the petitioner as an 'assessee in default' and raising a demand thereunder. Bei....

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....CIT (Appeals). 6. Learned Sr.Counsel Dr. Abhishek Manu Singhvi has also brought to the notice of this Court that under similar circumstances, a Division Bench of this Court while examining the correctness or otherwise of the order passed by jurisdictional Tribunal had put the parties on terms and directed the parties to get their grievance redressed by the jurisdictional Tribunal. By keeping in mind the directions that came to be issued by Division Bench of this Court in W.A.No.904-908/2014 and connected matters disposed of on 10.04.2014 (Annexure-P) and also taking into consideration that CIT (Appeals) has by a cryptic order dated 23.03.2015-Annexure-S (in both petitions) refused to entertain the claim of petitioner for grant of stay wh....

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....T (Appeals)-12 (third respondent) for being adjudicated on merits along with the appeal itself expeditiously, at any rate within an outer limit of two months from the date of receipt of copy of this order and subject to following conditions: (a) Petitioner-assessee shall deposit further a sum of Rs. 20 Crores on or before 31.03.2015 before first respondent -Assessing Officer. (b) Petitioner- assessee shall deposit further sum of Rs. 40 Crores before first respondent- Assessing Officer on or before 30.04.2015. (c) For the balance amounts as demanded under demand notice dated 18.02.2015 (Annexure-C in both writ petitions), petitioner shall furnish Bank Guarantee/s in favour of first respondent- Assessing Officer on or before 30.04.20....