2020 (7) TMI 632

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....iyush Kaushik, Advocate Respondents Through: Ms. Lakshmi Gurung and Mr. Talha Abdul Rahman, Advocates J U D G M E N T MANMOHAN, J: (Oral) 1. The petition has been listed before this Bench by the Registry in view of the urgency expressed therein. The same has been heard by way of video conferencing. 2. Present writ petition has been filed challenging the order dated 29th June, 2020 p....

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....ing on a low profit margin ranging from 0.26% to 1.78% over the past six years and the tax payable on assessed income of the preceding four years itself comes at a very low figure of 0.18%. He further states that the ratio of tax withholding to profits has been as high as 1758% in the recent past. 5. Issue notice. 6. Ms. Lakshmi Gurung, learned counsel accepts notice on behalf of the respond....