2026 (9) TMI 1180

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rs Through: Mr. Salil Kapoor, Mr. Sumit Lalchandani, Ms. Ananya Kapoor, Mr. Tanmay Doneria and Mr. Utkarsa Gupta, Advocates. For the Respondents Through: Mr. Puneet Rai, SSC with Mr. Ashwini Kumar & Mr. Rishabh Nangia, JSCs. JUDGMENT  PER DINESH MEHTA, J. (ORAL) 1. On 30.11.2022, Coordinate Bench of this Court had drawn the following proceedings: "2. The record shows that....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....venue, has returned with instructions. 3.1 It is not disputed by Mr Rai that the valuation accorded to the subject shares by the concerned assessing officer of the purchasing company, i.e., Vardhman Financial Services Pvt. Ltd. and that which was accorded by concerned assessing officer of seller company, i.e., Real Worth India Pvt. Ltd., is not aligned, as was noted by the court on 11.11.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of, in respect of the petitioner in W.P.(C) No.15415/2022. 8. Likewise, there shall be a stay on the operation of the impugned notice dated 29.07.2022 issued under Section 148 of the Act concerning AY 2014-2015 and the proceedings triggered thereof, in respect of the petitioner in W.P.(C)No.15475/2022." 2. Mr. Puneet Rai, learned Senior Standing Counsel for the respondents on instructi....