2015 (5) TMI 1039

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....vocate with Nishant Thakkar and Ms. Vinitta Palyekar, Advocates For the Respondents: Mrs. Asha Desai, Advocate ORAL JUDGMENT: (Per M. S. Sanklecha, J.) Rule. Returnable forthwith. 2. Mrs. Asha Desai, learned counsel for the Respondent/Revenue waives service. 3. At the request of the learned counsel the petition is taken up for final disposal. 4. All these three petitions assai....

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....se proceedings and particularly the fact that the Affidavits which were filed on 24/12/2014 in response of the petitioner's writ petition being Nos.679/2014 and 680/2014 seeking direction that the respondent gave effect to the order of the Tribunal. At that time the respondent/revenue filed an affidavit and assured the Court that effect is being given to the order of the tribunal. However, proc....

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....r rest for the present. 7. The petitioner's grievance is that the total refund which has to be adjusted for the assessment years 2007-08 to 2009-10 amounts to Rs. 1059504390/-. They are undergoing grave liquidity problems and are therefore in need of the funds which are legitimately due to them today. However, to allay the fears of the Respondent/Revenue being without any security as and....