2026 (9) TMI 522

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....earance: For the Petitioner(s) No. 1:Mr. Jaimin R Dave (7022). For the Petitioner(s) No. 1: Mr. Yash B Sikka (17310). For the Petitioner(s) No. 1: Ms. Hirva R Dave (10742). For the Respondent(s) No. 1: Mr. Karan G Sanghani (7945). ORAL ORDER (PER : HONOURABLE MS. JUSTICE VAIBHAVI D. NANAVATI) 1. Heard Mr. Jaimin R. Dave, learned advocate appearing for the petitioner and Mr. Ka....

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.... order dated 05.11.2024 passed under Section 179 of Income Tax Act, 1961 at ANNEXURE-A to this petition; c) Any other and further relief, which is just and proper, may kindly be granted as may be deemed expedient by this Hon'ble Court in the facts and circumstances of the case. d) Award cost of the present petition." 4. The petitioner herein is constrained to invoke Articl....

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....itted that the petitioner herein resigned as Director of the Company and sold his shares to the third party. It is submitted that the petitioner was appointed as Director in April, 2010 and resigned as Director of the company and sold his shares to a third party. 5.1. It is submitted that between the period of 27.12.2018 to 30.05.2023, the assessment orders came to be passed against the Company....

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....etitioner. Placing reliance on the aforesaid submissions, it is submitted that the impugned order is required to be quashed and set aside on the aforesaid ground alone, the same having been passed in violation of principles of natural justice. 6. Mr. Sanghani, learned Senior Standing Counsel appearing for the respondent relies on the affidavit in reply filed by the respondent herein. Answering ....