Co.appl./22/2022 Of Official Liquidator v. Additional/Joint/Deputy/Assistant Commissioner Of Income Tax

IN THE HIGH COURT OF KERALA AT ERNAKULAM(Original Jurisdiction) In the matter of the Companies Act, 1956 and In the matter of M/s.Thomas Steaphen and Company Ltd.(In Liquidation) Co.Appl. No.22/2022 in Co.Pet.53/2000 Before: The Honourable Mr.Justice T.R.RAVI Friday, the 5th day of January, 2024/15th Pousha, 1945 -Applicant: Official Liquidator, High Court of Kerala,Ernakulam, representing M/s.Thomas Steaphen & Company Limited (in liqn) Respondent: Additional/Joint/Deputy/Assistant Commissioner of Income Tax,National Faceless Assessment Centre, Delhi. Company Application under Rule 9 of the Company(Court) Rules, 1959 filed by the applicant above named praying for an order to:- i) Ratify the action of Official Liquidator for serving copy of this Company Application to the Standing Counsel of Income Tax Department.Company Application to the Standing Counsel of Income Tax Department. ii)pass an interim order to stay the entire proceedings of the Assessment order dated 15.02.2022 issued by the Income Tax Department, national Faceless Assessment Centre, Delhi.order dated 15.02.2022 issued by the Income Tax Department, national Faceless Assessment Centre, Delhi. iii)Order to quash the Assessment Order dated 15.02.2022 under Section 144 rws Section 147 rws Section 144 B of the Income Tax Act, 1961.144 rws Section 147 rws Section 144 B of the Income Tax Act, 1961. iv)Order to allow personal hearing/video conferencing to make oral submission in this matter;submission in this matter; v)Order to consider the Income Tax Return filed by the Official Liquidator on 08.02.202208.02.2022 vi)Order to consider to exempt any levy of interest under Section 234 A and 234 B of the Income Tax Act, 1961 as the delay in filing Income Tax returnfor reasons due to the legal disability of the Official Liquidator.234 B of the Income Tax Act, 1961 as the delay in filing Income Tax returnfor reasons due to the legal disability of the Official Liquidator. vii)Order to Not to initiate the proceedings for penalty under Section 274 readwith Section 271(1)(c) of the Income Tax Act, 1961 and under Section 274 read with Section 271/F of the Income Tax Act, 1961 vide Notices dated 15.02.2022;with Section 271(1)(c) of the Income Tax Act, 1961 and under Section 274 read with Section 271/F of the Income Tax Act, 1961 vide Notices dated 15.02.2022; and viii)Pass such other order or orders as may be deemed fit and proper to this Hon'ble Court in the premises of the case.Hon'ble Court in the premises of the case. This Company Application coming on for orders on this day upon hearingSri.K.Moni, Standing Counsel for the Official Liquidator and Sri.Jose Joseph, StandingCounsel for the Income Tax, the court passed the following-: -------------------------------------------- Company Application No.22/2022in C.P.No.53/2000 -------------------------------------------- Dated this the 05[th] day of January, 2024 ORDER The counsel for the Official Liquidator submits that sincethe Income Tax Department may not be able to take any coercivesteps against the Liquidator for realisation of the claim forinterest, there is no necessity to continue with this application. This application is hence closed without prejudice to theright of the Official Liquidator to move the Court, if foundnecessary. Sd/- mpm T.R.RAVI JUDGE