2022 (4) TMI 1403

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....n For the Petitioner : Mr.T.Lajapathi Roy For the Respondent : Mrs.S.Ragaventhre Junior Standing Counsel COMMON ORDER Heard the learned counsel for the petitioners and the learned Junior Standing Counsel for the respondent. 2. The petitioner's group of Companies had allegedly suffered loss in one of its centre to an extent of Rs. 50,00,00,000/- as a result of which the petitione....

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....t of Rs. 25,00,000/- per month in the ratio of Rs. 20,00,000/- and Rs. 5,00,000/- each. 4. The learned counsel for the petitioners have placed reliance on the decision of the Hon'ble Supreme court in Radha Krishnan Industries Vs State of Himachal Pradesh and others reported in (2021) 6 Supreme Court Cases 771 wherein the Court addressed to the point regards the power conferrred upon the aut....

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....s and further that the properties also did not belong to the petitioners but to the trust of which one of the Director of petitioners was a trustees. 6. Considering the fact that the petitioner is agreeing to pay consolidated amount of Rs. 25,00,000/- per month for discharging/liquidating the tax liability in the respective writ petitions, I am inclined the quash the impugned order and remit th....