2016 (11) TMI 1390

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.... For the Petitioner : Mr. S. Ganesh, Sr. Adv. with Ms. Pooja M. Saigal and Mr. Shashank Raj, Advs. For the Respondent : Mr. Ruchir Bhatia, Adv. O R D E R CM No. 43891/2016 (Exemption) Allowed subject to all just exceptions. CM No. 43890/2016 (Interim reliefs) The petitioner's contention in this proceeding is that the respondents' interpretation to Section 184 and 187 of the Inco....

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....rores. 25% of this amount works out to Rs. 4.9 crores; in terms of the Scheme the amount has to be deposited on or before 30.11.2016. The learned counsel for the respondents contends that the petitioner's interpretation is incorrect and relies upon the non-obstante clause in Section 184(1) to say that the income declared under the Scheme would stand on a separate footing and that the adjustment....