2016 (12) TMI 805

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.... ORDER Hon'ble V. K. Bist, J. Petitioner has approached this Court seeking the following relief: "(i) A writ order or direction in the nature of certiorari calling for the records and quashing the order/letter dated 20-08-2015 passed by Ld. Dy. Commissioner of Income Tax-Circle, Haridwar under Section 179 of the Act (ANNEXURE NO.-1)". 2. Briefly put, the case of the petitioner is....

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....e Tax (Appeal). The said appeal was partly allowed by the Commissioner of Income Tax (Appeals) and the tax of Rs. 27,91,441/- was reduced from liability and tax of Rs. 3,66,56,822/- was directed to be reassessed. However, by an order dated 06.11.2008 of this Court, the company went into liquidation. Consequent to this, the official liquidator took control of the company and Board of Directors ceas....

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....irectors of Private Ltd. Company in liquidation. Since, M/s Yogi Leasing & Finance Ltd. is a Public Ltd. Company, incorporated under the provisions of Companies Act, 1956, hence the provisions of Section 179 are not applicable. Thereafter, on 20.08.2016 the learned Deputy Commissioner, Income Tax passed the impugned order directing the petitioner to make payment of Rs.  8.49 crores. Hence, th....