2023 (9) TMI 1660

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....tty For the Respondents: Mr. M. P. Sharma with Ms. Mamta Omle P.C.: 1. The petitioner's plea is to the effect that the revenue has no authority and jurisdiction to retain substantial amounts as voluntarily deposited under protest by the petitioner being an amount of Rs. 56,19,84,075. 2. Admittedly, no show cause notice has been issued. The amounts are lying with the Department since 20....

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....the petitioner that the petitioner is a reputed bank and it is good for its money, however, contrary to the clear mandate of Article 265 of the Constitution, such amounts cannot be retained by the Department in the facts and circumstances of the case. 4. Considering the peculiar facts of the case and the position in law, we would intend that the Department hears the petitioner on these issues a....