2006 (10) TMI 104

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....petition. Rule. Rule is made returnable forthwith. Mr. Sharma has appeared for the respondents. The petitioner herein is an authority constituted under the Mumbai Metropolitan Region Development Authority Act, 1974 (for short "the said Act"). It has been granted a registration under section 12A of the Incometax Act, 1961. It is the case of the petitioner that it is eligible to claim exemptio....

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....peal, the petitioner was asked to deposit an amount of Rs. one crore towards these arrears which the petitioner has deposited. The appeal is getting delayed since the officers of the Tax Department are seeking time. Now, because the appeal is getting protracted, the Assistant Director of Income-tax has written to the petitioner on August 29, 2006, that he cannot grant a further stay and, therefore....

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.... above, it is necessary that the petitioner must get an opportunity to make its submissions which the petitioner is seeking before the appellate authority under the statute itself. During the pendency of that appeal the petitioner has been asked to deposit Rs. one crore, which it has deposited. Now, if the appeal gets prolonged since the respondents are asking for time, surely, the petitioner dese....