2025 (4) TMI 50

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.... INCOME TAX APPEAL NO. 2437 OF 2022 AND INTERIM APPLICATION (L) NO. 5640 OF 2025 IN INCOME TAX APPEAL NO. 773 OF 2023 AND INTERIM APPLICATION (L) NO. 6698 OF 2025 IN INCOME TAX APPEAL NO. 802 OF 2023 AND INTERIM APPLICATION (L) NO. 6708 OF 2025 IN INCOME TAX APPEAL NO. 2438 OF 2022 - -<br>Income Tax<br>M.S. SONAK & JITENDRA JAIN, JJ. For the Applicants/Appellants: Mr S. T. Pandey, through VC wi....

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....liberty to issue fresh demand notices after giving a personal hearing to the Applicants. This means that the department accepted its mistake on the earlier occasion. The new demand notices have been issued after giving a personal hearing to the applicants. 6. Mr Pande, based on instructions, submitted that the Applicants would be willing to deposit 25% of the demanded amount or secure the entir....

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....ithdrawn cannot be the only considerations for the grant of unconditional interim reliefs. 10. These Applications, besides raising some arguments on the merits of the matter, do not advert any financial hardships or other considerations relevant to the grant of interim reliefs. 11. These were search cases. The Applicants have not bothered to file any documents showing their financial health.....

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....rantee. In the case of Assistant Collector of Central Excise, Chandannagar West Bengal Vs. Dunlop India Ltd and Others 1985 (1) SCC 260, the Hon'ble Supreme Court had held that the administration cannot run on bank guarantees. 14. By balancing various considerations, we have permitted the applicants to furnish a bank guarantee for 50% of the amount demanded. In the facts of these cases, the req....