2023 (3) TMI 428

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....schay, Kantoor, Mr Animesh Tripathi and Ms Richa Mishra, Advocates. For the Respondent : Mr Abhishek Maratha, Sr. Standing Counsel. ORDER CM APPL. 2121/2023 1. Allowed, subject to the petitioner filing legible copies of the annexures, at least three days before the next date of hearing. W.P.(C) 531/2023 and CM APPL. 2120/2023 [Application filed on behalf of the petitioner seeking inter....

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.... the name Indicus Analytics Pvt. Ltd. [in short, "IAPL"]. 5. The petitioner claims that the shares were sold to Neilsen India Pvt. Ltd. [in short, "NIPL"] for Rs.10,90,12,931/-. The petitioner, concededly, also claimed a deduction under Section 54F of the Act amounting to Rs.5,34,25,860/-. 6. The respondents/revenue, in sum, have, via the impugned order passed under Section 148A(d) of the Ac....

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....e powers vested under Section 263 of the Act. 8. Interestingly, a perusal of the impugned order shows that the AO has pegged the escaped income at Rs.17,80,42,412/-. 9. Mr Jain says that, apart from the submission recorded above, the prerequisite conditions, as provided in Section 149(1)(b) of the Act, have not been fulfilled. 10. Mr Abhishek Maratha, who appears on behalf of the responde....