2026 (5) TMI 903

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....026<br>WP No. 34626 of 2025 And WMP. No. 38814 of 2025 - -<br>Income Tax<br>Hon&#39;ble Mr Justice C. Saravanan For the Petitioner(s) : Mr. P.S. Raman, Senior Counsel for Mr. Gauthama Raj C For the Respondent(s) : Dr. B. Ramaswamy Senior Standing Counsel ORDER In this writ petition, the petitioner is before this Court against the impugned Show Cause Notice proposing to impose a penalty....

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.... appeal before the Commissioner of Income Tax (Appeals) and that pursuant to order passed by this Court on 21.03.2025 in W.P.No.7892 of 2025, a sum of Rs. 30 Crores has been paid to the department. 4. The Learned Advocate General has also submitted that after the above said order was passed, the expenses claimed by the petitioner was disallowed by invoking the power under Section 40(a)(ia....

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....e this Court in W.P.Nos. 45445, 45452, 45458, 45459, 45460 and 45463 of 2025. By an order dated 21.11.2025, the aforesaid writ petitions were disposed of by this Court with the following directions:- "8. Recording the above submission, these Writ Petitions are disposed of by directing the Respondents to keep all further recovery proceedings pursuant to the impugned recovery notices in abe....

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....al filed against the assessment orders dated 28.02.2024 against which the Petitioner proposes to file an appeal before the Income Tax Appellate Tribunal (ITAT) under Section 253 of the Income Tax Act, 1961. 7. The learned Senior Counsel for the Petitioner submits that the Petitioner will deposit another sum of Rs. 30 Crores to secure the interest of the Revenue." 6. Subsequently, the p....