2023 (1) TMI 727

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....spondents : Mr. Ajit Sharma, Adv. VIBHU BAKHRU, J. (ORAL) CM No.22161/2021 (for exemption) 1. Exemption is allowed, subject to all just exceptions. 2. The application is disposed of. W.P.(C) 7022/2021 3. The petitioners have filed the present petition, inter alia, praying as under: "A. Issue a writ in the nature of Certiorari/Mandamus or any other like writ, order or direction, directing t....

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.... Section 199 of the Act r/w Rule 37BA(2)(i) of the Income Tax Rules, 1962; and/or" 4. The National Company Law Tribunal, New Delhi passed an order dated 24.11.2017 in Company Petition No. 26/2016, thereby, approving a scheme of arrangement between four companies including the three petitioners. The specified undertakings of the companies were demerged in the three petitioners and the residual Tra....

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....e did not reflect the credit of the TDS deducted to the credit of the erstwhile entities, the petitioners filed their respective applications for rectification under Section 154 of the Act. The returns filed by the petitioners for the next Assessment Year, that is, Assessment Year 2018-19, were taken up for scrutiny and assessment orders were passed under Section 143(3) of the Act. However, the sa....

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....tates that petitioner no.1 continues to be aggrieved as the income tax portal reflects an outstanding demand of Rs.1,24,97,631/-. He states that petitioner no.1 is unaware as to how the said amount has been computed. 10. In view of the above, this Court considers it apposite to dispose of the present petition by issuing the following directions:- (a) respondent no.1 shall communicate the comput....