2021 (4) TMI 866

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.... PER : HONOURABLE MR. JUSTICE J.B.PARDIWALA 1. We have heard Mr. Bandish Soparkar, the learned counsel appearing for the writ-applicant. 2. It appears that a notice of demand under Section-156 of the Income Tax Act, 1961 [for short The Act, 1961'] dated 26/12/2019 came to be issued to the writ-applicant. This notice came to be issued pursuant to the assessment for the Assessment Year 2016-1....

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....of the total amount. In this case, the argument of Mr. Soparkar is that he has been asked to deposit Rs. 100 crore being 20% of the total demand. This according to Mr. Soparkar could not have been done. According to Mr. Soparkar, his client is expected to deposit 20% of the disputed amount and not the entire amount of demand. 5. The second limb of his submission is that assuming for the moment th....