2022 (10) TMI 301

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.... Appellant Through: Mr. Puneet Rai, Sr. Standing Counsel with Ms. Adeeba Mujahid, Jr. Standing Counsel and Mr. Nikhil Jain, Advocate. Respondent Through: None. J U D G M E N T MANMOHAN, J (Oral): CM APPL.43152/2022 in ITA 376/2022 (Exemption) CM APPL.43154/2022 in ITA 377/2022 (Exemption) 1. Allowed, subject to all just exceptions. 2. Accordingly, the applications stand dispos....

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....of the Assessee and interest has accrued and been credited in the name of the Assessee only and the share of the disputed parties in the interest will arise only after payment of due taxes. 7. Learned counsel for the appellant emphasizes that the dispute between the parties was with regard to 100 crores, whereas the amount deposited was in excess of Rs.190 crores. He also states that under the ....

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.... and requested for the following agreement of theirs being taken on record:- (i) That the amount of Rs.1,90,25,12,694.09 which is lying in current account with Punjab National Bank in Tribunal's Bank Account No.2254002100017121 may be converted into a Fixed Deposit in the name of the Respondent company i.e. Global Heritage Venture Ltd. The fixed deposit shall be for a period of 60/61 days....