2019 (3) TMI 1467

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....or the Petitioners Mr. Sham Walve for the Respondents P.C.: 1. These petitions arise in common background. We may refer facts from Writ Petition (L) No. 810 of 2019.   2. The petitioner is a trust. The object of the trust is to acquire Non-Performing Assets ("NPAs" for short) by banks and recover dues from the defaulters. For the assessment year 2016-17, the Assessing Officer passed an or....

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....en filed. In other petitions, though figures are varying, the facts are common.   3. Learned counsel for the petitioner pointed out that the additions made by the Assessing Officer in the present set of assessment orders were made in hands of other similar trusts created under ARCIL. Such order of assessment was challenged before the CIT(A) and by his order dated 3.1.2018, the appeal of the ....